Felix Rüssel's presentation at Scrum Day 2011 discusses the challenges and criticisms of traditional project management and Scrum, emphasizing the need for context in project processes. He highlights issues like bureaucratic inefficiencies, poor communication, and the necessity for adaptation to changing requirements, while also pointing out the strengths of both methodologies. The session underscores the importance of understanding the interplay between agile practices and traditional project management for effective performance.