VS2005: Smells Like Beta 2
I think VS2005 Beta 2 shaping up to be released very soon (Within the next week or two). I seem to remember MS saying that you wouldn't see it before TechEd 2005, but I think they may be trying to make up for slip dates by at least having a downloadable version available by the time the techies hit the tarmac. Many of the VS guys have been relatively quiet, and the builds I've seen are starting to take on the characteristics of a final package.
No one has confirmed a date for me, and I'm just speculating based on things I've seen and past experience.