A great video that shows how to setup a Managed Metadata Service within SharePoint 2010.

technet.microsoft.com/

Demonstrates how to:

  • Create a new Managed MetaData Service
  • Specify a site collection as a content hub
  • How to configure other site collections to subscribe to the hub's meta data
  • How to create metadata term sets using the TaxonomyTerm Set tool
  • How to create a content type the utilizes term sets
  • How to publish a content type to make it available to subscribing sites
  • How to force propagation of meta data updates