Library/List General Settings Area in SharePoint 2010
The General Settings area of the library/list has been expanded in SharePoint 2010 to include multiple new settings, including Validation, Column Default Value (for libraries), Rating, Metadata Navigation, Per-Location View, and Form (for lists).
Here is an overview to see what you can do with each of these options.
|Setting Name||What You Can Accomplish|
|Title, Description and Navigation||Just like it sounds!|
|Versioning||Configure item approval, versioning (major and minor), and require check-out.|
|Advanced||A plethora of options including allowing for content types, search visibility, allowing for folders, or datasheet view.|
|Validation||Allows you to create formulas that compare two or more columns in your library or list.|
|Column Default Value||Add or edit default values for columns indicated in the library or list Validation settings.|
|Rating||A Yes or No option that allows items in the library or list to be rated.|
|Audience Targeting||A Yes or No option that allows the library or list to use audience targeting. Enabling audience targeting creates a Targeting column for this list. Some Web Parts can use this data to filter list contents based on whether the user is in the audience.|
|Metadata Navigation||Allows for a hierarchical management of the library or list in the Navigation Tree View. Hierarchical options can include content types, choice questions, or a managed metadata field.|
|Per-Location View||Allows you to set the default view that appears when a user browses to a specific location in the list or library. When used with metadata navigation, you can set views for each level in the metadata hierarchy.|
|Form||Available for lists only. You need InfoPath 14 (2010) to utilize these settings.|