Paul Festa says it quote well in his article yesterday (http://news.com.com/A+standards+truce+in+the+browser+war/2100-1013_3-5818382.html)
I'm really excited about the work that is going on and the relationship that we have built with WaSP and the many thought leaders in the standards space. It is personally inspiring to see the hard work that is going on within Microsoft to reach towards standards. ASP.NET 2.0 and Visual Studio 2005 have been tracking well towards and standards and WaSP's support has really helped us focus in on the big wins -- here we have XHTML 1.0 Transitional support by default and Section 508/WCAG conformance out of the box, not to mention solid tools support to help developers validate their code against accessibility standards. Further, IE7 is making great strides (which will be seen in Beta 2 and Chris Wilson details most of at: http://blogs.msdn.com/ie/archive/2005/07/29/445242.aspx.
The future is bright, we are tracking to a positive trajectory and at the end of the day I think we are well positioned to add a ton of value for Web developers across our entire Web Platform and Tools stack.
As always, I'm very open to your feedback, anything, anytime.