This is dated news by now, but since I missed it, you might have as well. It was decided back in December that Generics would be CLS-compliant for Whidbey.
This is very good news. While I fully expected customers to use generics in Whidbey regardless of whether it was included in the CLS, not having it in the CLS would have required that library designers who wanted to follow the rules would either have had to avoid using generics or provide both generic and non-generic constructs. Neither of those approaches are very good.