  We discuss the physics case of a high luminosity B-Factory running at the
Y(5S) resonance. We show that the coherence of the B meson pairs is preserved
at this resonance, and that Bs can be well distinguished from Bd and charged B
mesons. These facts allow to cover the physics program of a traditional
B-Factory and, at the same time, to perform complementary measurements which
are not accessible at the Y(4S). In particular we show how, despite the
experimental limitations in performing time-dependent measurements of Bs
decays, the same experimental information can be extracted, in several cases,
from the determination of time-integrated observables. In addition, a few
examples of the potentiality in measuring rare Bs decays are given. Finally, we
discuss how the study of Bs meson will improve the constraints on New Physics
parameters in the Bs sector, in the context of the generalized Unitarity
Triangle analysis.
