Check out the announcement for Visual Studio 2010 and the .NET Framework 4.0
Norman Guadagno: Announcing Visual Studio Team System 2010
ALM (Application Life cycle Management) inside of Visual Studio. Integration of architecture, development, QA, and other parties involved in the life cycle.
Developer Experience. Improving the developer user experience with Visual Studio.
Architecture: UML support/UML modeler.
Cameron Skinner: Visual Studio Team System 2010 - Architecture
Code Analysis: enhancements (a little vague).
1. Will there be a new version of the CLR?