I'm testing Visual C# 2005 Express Edition Beta and I really like it. It has all of the features which I need to build Windows Forms applications. The Editor has also all new IntelliSense, Refactoring and Code Snippets features. They work great and really can boost productivity.
I have tested it on a PC with only 256Mb of ram. This is for the beta not enough. You need at least 512Mb.
I'm using the Online MSDN Help, it works OK. The looks are good but I find it difficult to get to the 'overview' of a class.
For professional development I would advise to use Visual Studio. For hobby work use the Express versions.
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