Fusion is a generic name, which Oracle is using, to define the new packages of middleware, architecture and also ERP applications. Mainly after the acquisitions Oracle has done, this urge as a need, to incorporate the best of each side. For example, Peoplesoft has excellence on human resources management products, Oracle E-Business (Oracle Applications) is very good on financials (Oracle Financials), and, a still pending to approve, Siebel is one of the best (if not the best) solution for CRM (Customer Relationship Management).
The middleware and architecture are ready to use, and the Fusion Applications (Oracle