The final release of the VS 2005 update for Windows Vista is now available. This update fixes most of the issues that you may have faced with running Visual Studio 2005 on Windows Vista. Install Visual Studio 2005, the Service Pack 1 update, and then the Windows Vista update to get a fully-supported developer environment.
There's also an interesting interview with Soma (the VP responsible for the Developer Division here) on Microsoft Presspass. The questions are a little soft (the interview is posted on our press relations site, after all!) but it's a good review of where the developer platform is today and the focus areas for the developer tools and platform part of the business.