If you have been developing with ASP.Net you may have used some custom built page templating system. Now in ASP.Net 2.0 the templating functionality is built in and its called
Master Pages. Thom Robbins provides a simple demonstration of what they look like in VS2005.
Mike Sampson took his camcorder over to software design engineer -- he works on Visual Studio core -- Rusty Deschenes' office. Got a demo at about 8:40. Audio is a bit low. Sorry about that.They talk about the managed packaged network and project flavoring in Visual Studio 2005.