This is the introduction-post of my series on using taxonomyfields in SharePoint 2010 development. The series will, besides this introduction, consist of the following parts:
Part I: Declaration and initialization
Part II: Using taxonomy fields programmatically
Part III: Searching taxonomy fields
To understand how to use taxonomy fields in your projects, it is important to understand how they work under the hood.
Read this post from Wictor Wilen to learn (almost) all about it: