Microsoft may have taken a trip to Greyskull as, to paraphrase He-Man they:
“Have the Poweeeeerrrrr…Pages”
The newest member of the Power Platform family, Power Pages is a upgraded version of Power Platform Portals – moving from a component to a fully-fledged standalone product.
What does it do?
Power Pages is designed to help easily create websites using drag & drop plus a range of templates available. Microsoft are positioning it as good for uses including FAQ sites, self-service portals, support sites and more.

Making it easier to create better, more powerful and nicer looking websites will actually be pretty useful for (parts of) organisations of all sizes.
I’ve not seen anything about licensing yet but will, of course, be keeping an eye out!
Further Reading
Power Pages capabilities – more here