Last month has seen a lot of releases following the launch of Visual Studio 2008 and Team System http://blogs.msdn.com/somasegar/archive/2007/11/19/visual-studio-2008-and-net-framework-3-5-shipped.aspx , http://blogs.msdn.com/jeffbe/archive/2007/11/19/visual-studio-team-system-2008-ships.aspx
The story around VS SDK and Domain Specific Languages toolkit http://blogs.msdn.com/stuart_kent/archive/2007/11/22/what-s-new-for-dsl-tools-in-vs2008-vs2008-sdk.aspx
VSTS Web Access has made access to TFS so much easier for non-technicians http://blogs.msdn.com/bharry/archive/2007/11/30/vsts-web-access-power-tool-for-team-system-2008-released.aspx
The ASP.NET extensions provide a Model-View-Controller framework and VS2008 Silverlight support amongst others http://weblogs.asp.net/scottgu/archive/2007/12/09/asp-net-3-5-extensions-ctp-preview-released.aspx
And finally today the upgraded power tools for Team Foundation Server have been released http://blogs.msdn.com/bharry/archive/2007/12/21/december-07-release-of-the-tfs-power-tools-for-tfs-2008-are-available.aspx
If you are building .NET 2.0 applications, you really should take a look at all of the above.
Disclaimer The opinions expressed herein are my own personal opinions and do not represent my employer's view in any way.