It has been out in Beta for quite some time, it works reasonably well, it is a bit lacking in it's .net code support, but if that is what you need you can download visual web developer 2005 express which is also free.<
I've been meaning to play around with this and Visual Web Developer 2005 Express (could they have made the name any longer?) - in my "spare time" - but I haven't had a chance yet. Maybe after I finish the new Jesus Joshua 24:15 site...<