Brian: I think right now the only solution is to use VS.NET 2005 Beta 1 with SQL Server 2005 Beta 2. I don't know of other combinations that have compatible Framework versions.
I'm hearing that VS.NET 2005 beta 2 and SQL Server 2005 Beta 3 will work together when they are both available, but we'll have to wait and see on that won't we?
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Jim's Book of the week: Beginning Regular Expressions