Bill Staples and I did an interview with the MSDN .NET Show about IIS 7.0 that was just published yesterday. You can watch it online for free here. In addition to about 30 minutes of discussions about the new features and architecture are 30 minutes of demos.
As I've blogged in the past, IIS 7.0 is a major, major update and improvement to the overall Microsoft web platform stack. You are going to see a lot more information published about it over the next few weeks as the first broad beta of IIS7 becomes available (it is included in Windows Vista Beta2).
Watch the video (and read my previous blog post) to learn more now.
Hope this helps,