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The most awaited CTP of SQL Server 2008 (Formerly code name Katmai) has been released on June04, 2007.

You can download it from http://connect.microsoft.com/sqlserver. You can also watch Ted Kummert talking about SQL Server 2008 here 

Some of the key improvements in this CTP are:

• Table Value Parameters
• Star Join Query Optimizations
• Change Data Capture (CDC)
• MERGE  SQL Statement
• Declarative Management Framework (DMF)
• VSTA Support for the Script Task and Component
• AS Dimension Design: Improved Supportability and Integration of Best Practices 

Read more in this whitepaper!