Q: When will this thing be ready to rock?
A: Final release dates are always subject to change, so I don't want to speculate on the exact date, but it is planned to be in the third quarter of this year. Beta 2, which will probably be VERY stable, and which will be accompanied with a go-live capability (license that needs to be signed), should be available within a few weeks from now.
Q. What happens to my existing ASP.NET 1.1 Applications?
A: They will continue to function. When point to an existing ASP.NET 1.1 web application from the Open Web Site dialog, a conversion wizard will start, that allows you to convert the site to ASP.NET 2.0. This may change the file structure of your application, change some of your @Page directives, etc. However, DataAdapters, etc will continue to function. The Framework is backwards compatible.
Q. How do I set Browser optimizations (for the individual pages) so that they render to a specific HTML syntax?
When you are designing a page, at the top of the designer window, there is a toolbar that, among other things, allows you to specify a number of browsers/standards
more to come...