The SharePoint Integration feature is designed to support customers who manage project documents and other assets within SharePoint. With this feature, Project Administrators can link one or more SharePoint sites directly to their ProjectPlace workspaces. For more information see this article.
Customers who leverage the Portfolios <-> ProjectPlace connector can now enjoy an automatic setting of the Lifecycle Administrator field in Portfolios. The field is updated to the same person as the head administrator in ProjectPlace. For more information see this section.