Well, it is not necessary to comment it any further, visit the given link. Some improvements are made, especially with the Trace (now called PowerTrace) program, some new tools and tool improvements. PHOTO-PAINT is still there (although Corel has bought Jasc and Paint Shop Pro). Prices (pre-order) are full $399, upgrade $179. Trial can be downloaded now as well.

At WinHEC, Microsoft announced (could be said confirmed) that NGSCB (codename Palladium) will not be finished by the release of Longhorn. Anyway, Microsoft doesn't give up, and we shall have some parts of NGSCB in Longhorn.