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Future of Dot Net News :-

Visual Studio 2005 Express Beta Products Announced

           Visual C# 2005 Express Edition is a simple, lightweight,
integrated development environment designed for beginning
programmers and non-professional developers interested in
building Windows Forms, class libraries, and console-based
applications. Visual C# 2005 Express Edition includes many of the
same productivity features found in Visual Studio, all streamlined
to fit the needs of the non-professional Windows developer.

Also available :

Visual Basic 2005 Express
Visual C++ 2005 Express
Visual J# 2005 Express
Visual Web Dev 2005 Express
SQL Server 2005 Express

Download the light version of Visual Studio 2005 free from
Microsoft site.