A few of us went to a Microsoft presentation at Cambridge University last night on ASP.NET and AJAX (aka Atlas). It is currently on Beta 2 and should ship by the end of the year.
The presenter recommended taking a look at Scott Guthrie's Blog on ASP.NET and .NET:
http://weblogs.asp.net/scottgu/
There is a lot of interesting stuff there.
Scott is the General Manager within the Microsoft Developer Division. He runs the development teams that build the following products/technologies:
.NET Common Language Runtime (CLR)
.NET Compact Framework
ASP.NET /AJAX
Windows Forms
Windows Presentation Foundation (aka "Avalon")
IIS 7.0
Commerce Server
Visual Web Developer
Visual Studio Tools for Avalon (aka "Cider")