Microsoft is making a series of announcements at Tech*Ed related to SQL Server 2008 -- previously codenamed "Katmai". I've got some details on some of the new features including the MERGE statement, Table Valued Parameters, Change Data Capture and the Declarative Management Framework. There should also be a download of the June CTP available inside Connect.
CDC is gonna save me some serious time if it works properly.
I have a feeling I'm going to see some pretty bad coding by others in future - now that Table Valued Parameters (TVP) are coming in. Could be used as a shortcut to understanding set-based thinking. But those same people do other bad things too, so I guess that's not a good reason to not allow TVPs