LOL - that is awesome Wesmac! Thanks for posting the link. Another benefit of having the same IIS7 codebase from Windows Server 2008 on Vista. Not officially supported but worth playing around with on your dev box. =)
Presentation Templates is just a term used to describe the bundles you typically see a lot of design agencies and partners offering now.
Basically it is a customized MOSS Publishing Site that has been set up with numerous workflows, custom css files and usually some added on Features. They will then save these out as custom site templates that they can offer to their customers. Typically the
only thing that needs to be added afterwards is some look and feel (which can be done via SharePoint Designer or directly on the site itself) and Flash content.
You can find a ton of different partner solutions up on OBACentral
If you curious about creating custom features, workflows, or more about web publishing Ted Pattison has some nice screencasts on Channel9 you can find
Ahh sorry about the confusion PreachingLlama. I know there were plans to move off CMS now that most of the functionality in CMS is in the Presentation Templates for MOSS. I guess things are still in transition like how parts of Microsoft.com have been
The one you saw me use in the video was the 30 day trial. You can actually extend that one by entering a key from MSDN but that only gets you 12 months. You will most likely wind up rolling your own or having people Terminal Service in to the Dev Box.
Another option is to develop the Web Parts locally without the VPC but remember when you deploy them to the remote server it will kick off an iisrestart.