Paul Flessner gave Tuesday’s keynote address entitled "SQL Server 2005 and Visual Studio 2005: Get Ready!" Lots of cool VS2005 Smart Client demos. A SQL Server 2005 cluster/scalability demo had a .NET-driven robot ("The Finalizer") come up on stage to "destroy" a network switch–to show how the database system continued functioning on the remaining server.
Plenty of performance and price comparisons to DB2 and Oracle.
June CTPs of SQL Server 2005 and BizTalk Server 2006 being released today.
Biggest announcement: SQL Server 2005, Visual Studio 2005, and BizTalk 2006 will be released the week of November 7, 2005!