If I were starting out today, building a new database server, I would use SQL Server 2005. There are "differences", almost all of which are enhancements. If you are used to SQL Server 2000, you will not find SQL Server 2005 to be a "strange new world", however you will find that it is easier to do some things in SQL Server 2005 which required a lot of work to accomplish in SQL Server 2000.
For example: You can now parameterize a "SELECT TOP @n" statement instead of having to create dynamic SQL to accomplish the same task.
The new SQL Server Management Studio (2005) replaces both Enterprise Manager (2000) and Query Analyzer (2000) - (you no longer have to open both at the same time), however it does it at a memory cost as compared to having only one of the tools open.
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