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Apparently Microsoft is creating 3 completely different versions of Visual Studio for 3 different environments. They are...
* Visual Studio [Everett]
- Windows .NET Server Integration
- Support for .NET compact framework and device development
- Improved performance
* Visual Studio for Yukon
- SQL Server Integration
- Improved IDE productivity and community support
- Extended support for XML web services
- Office programmability
* Visual Studio for Longhorn
- Windows "Longhorn" Integration
- New UI tools and designers
- Extensive managed interfaces
Source: BetaDomain
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