Visual Studio 2005 is here. You can now download the final versions of the Visual Studio 2005 Express Editions products for free. SQL Server Express is free and will remain free; the other ones are free forever if you download them before November 2006. I have a feeling that's BS and that they'll remain free after then, but I don't know what they're planning.
Visual Studio 2005's really cool, though. I haven't used prior versions of VS in a while now. It's the latest iteration of coding bliss, and while the free Express editions don't have all of the features of the full product, there's still a lot there to be interested in.