Microsoft has announced the release of ASP.NET MVC 2, the next generation of its model-view-controller web framework.
Scott Hanselman and Scott Guthrie have details. The later notes that ASP.NET MVC 2 can be installed side-by-side with ASP.NET MVC and Visual Studio 2010 will include an automated upgrade wizard to convert ASP.NET MVC 1 projects to ASP.NET MVC 2.