It is a computer programme for you to make illustrations or short publications, but you can also generate fonts, posters, web images, vynil-cutting or sand-blasting files, etc with it.
Take a look at some examples that were done with CorelDraw (click on the thumbnails):
http://powerclip.ru/modules/myalbum/viewcat.php?cid=15
or http://powerclip.ru/modules/myalbum/photo.php?lid=2228
Besides, CorelDraw comes packed with PhotoPaint, which is a programme equivalent to Adobe's Photoshop, with FontNavigator (for previewing and managing your fonts inside your PC), Capture (for capturing images directly from screen) and a lot of pro fonts in TrueType, OpenType and Type 1 formats.
Advantages over its competence: it's quicker to run, produces smaller-sized files and it's price is almost 50% from that of Adobe.