Fantastic summary by Omar Sultan. Just one excerpt, you really should read it all:
At its essence, Cisco ONE allows you to build upon the things that already work with your network (scale, availability, security, etc) and add the programmability you need to help you deal with things like cloud. mobility, etc with more agile infrastructure, simpler operations and application awareness.
OpenFlow, Software Defined Networking and Network Virtualization are all trends that are exploding right now. There is a great dust cloud surrounding this explosion, but after all this dust settles what will remain is a much more efficient, much more flexible, much more pervasive way of auto-provisioning networks to suit on-demand services.
A true cloud-ready fabric.