Have you seen Office 2003? Graphically they've updated Visual Studio to that.
In more depth though; they've added innumerable things which I really cannot go through. The simple fact is thought that it is free at Beta 1! Cheaper than .NET.
You can get the DVD for £3 which comes with the MSDN Library for it - which is vastly updated and more recently.
PLUS! You get the new addition to the family of products which is Visual Studio Web Developer. Which is a great tool for writing brilliant ASPX Sites.
A Knight is sworn to Honour. His heart knows only Virtue. His blade defends the helpless. His might upholds the Weak. His word speaks only truth. His wrath undoes the Wicked.