It is with great pleasure that I can announce availability of the release candidate of the Web Application Project add-in for Visual Studio 2005. This has been a remarkable journey, driven by your feedback. This release co-incides with a generally available patch (GDR) for VS2005 that makes WAP even more powerful. Complete details on installing the RC of WAP available here and of course ScottGu did an amazing blog post a few minutes ago with an updated tutorial and information on how it works.
For a detailed overview of Web Application Projects see this whitepaper by Omar Khan and Michael Bundschuh.
Let us know what you think!