Microsoft is all set with the 2nd beta version of Visual studio 2010 and .Net Framework 4.0 developer tools.Also announced today that they will be launching Microsoft Visual Studio 2010 on March 22.Visual Studio 2010 and .NET Framework 4 Beta 2 will be available to MSDN subscribers, with general availability on October 21.

The product has a very special feature called ‘Tivo-like recording‘ that Microsoft has masked as Intelli Trace.Other features include support for Windows 7, Windows Azure, also tools for building on top of Microsoft’s Sharepoint product.

Under the new plan, Visual Studio options will be consolidated into Professional, Premium, and Ultimate. Microsoft is planning an “ultimate offer” promotion that will give many current subscribers access to the next-higher version of Visual Studio as well as 750 Windows Azure compute hours per month.

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