Excellent overview of SP 2010 workflow creation.

zOld - Raymund Macaalay's Dev Blog

Workflows are a real poweful tool built-in in Sharepoint since 2007 version as you can design it to add logic to your site or application without any custom coding!  This can be anything from automating business processes, sending notifications or even as simple as creating tasks.  There are a lot of possibilites which is only limited by your imagination.

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