Attention ASP.NET 2.0 Developers: The Release Candidate 1 (RC1) of the VS 2005 Web Application Projects (WAP) has now been released. If you're like me and prefer the 'old' 1.x style of ASP.NET applications (with namespaces, more intuitive folder hierarchy structures, a \bin folder, and much more), you'll really enjoy this. WAP brings that style of website development to VS.NET 2005. I've been using WAP since early Beta 2 and despite a few beta-related issues have really enjoyed it. I'm looking forward to some of the new enhancements and fixes!
Read more about it on Scott Guthrie's blog.