In ScottGu's Blog, he recently presents a new article, VS 2005 Web Project System: What is it and why did we do it?, where he explains the new features with VS 2005 Web Projects, ASP.Net 2.0, VS Team System and the next release of SharePoint Server.
I have to say that VS 2005 is a really exciting and expecting product for programmers.
Reference link: http://weblogs.asp.net/scottgu/archive/2005/08/21/423201.aspx