This is the presentation that was given at the LabVIEW User Group Meeting on Thursday, March 14th. The focus of the meeting was reusing external code in LabVIEW, with an emphasis on C DLLs, .NET code (assemblies and containers), and m-files.
With LabVIEW, you are not stuck with a particular model of computation (ie data flow). You have the ability to take existing code from just about anywhere (assuming you know how it works and what is in it) and run it natively in LabVIEW. You also have the ability to do data acquisition (with LabVIEW data flow) and analysis (text based math) in a single environment.