XNA Game Studio 2.0 announced. Runs in all versions of Visual Studio, usability enhancements, networking, and more.
Want to use Microsoft Game Studios content in your game for personal use (aka placeholder art)? Go ahead, just follow the license.
Want some extra code for that $99 annual membership fee? Get the Ship Game (looks a bit like XNA Descent.)
Expect more information later on The Z-Buffer and XNA Creators Club Online.
Looks like they're finally getting where the difficulties in community-generated content lie.