Worked for me. I am on Vista RTM and had VS 2005 Pro installed (using everyday [and night
]). Installed the Beta 1 few months back and it worked great.
Few days back uninstalled Beta 1 and onto Beta 2, everything works fine again. The Beta 2 install (as mentioned by others) is a tad slow, and you'll need atleast one reboot (mainly after the .NET 3.5 install is done).
One BIG problem is that installing Orcas/VS 2008 on your existing VS 2005 / .NET 2.0 machine will cause a lot of the .NET 2.0 assemblies to get "updated" (think of a big service pack just got installed - infact SP1 will get installed if you don't have it, and then updates for Orcas).
Which means that now when I compile my .NET 2.0 projects for the product I work on, they will compile against the Orcas "2.0" changes... On Vista, one easy way to find this out is with VS2005/2.0 your Open file dialogs will be old-style. When you install Orcas, and rebuild your project (not sure if you need to), your open dialogs will suddently show the Vista-style. This is because the System.Windows.Forms.Dll (2.0 version) got a update for Orcas.
This post by Daniel Moth might help you (he also points to his old post where he talks about Red/Green bits - very informative)
http://www.danielmoth.com/Blog/2007/07/version-and-location-changes-in-beta-2.html
- Keeron