Securing IIS7 - Windows Server 2008 Security Guide
Windows Server 2008 Security Guide is out.
It covers many crucial aspects but my favorite of course is IIS7 chapter:
This chapter provides prescriptive guidance for hardening the Web Server role. The chapter discusses how the Web server role installs Microsoft® Internet Information Services (IIS) 7.0, which has been redesigned into forty modular components that you can choose to install as needed.
It points to the following resources: