Cyrus breaks the news. Well, not really - it was actually Dan, but he succumbed to his marketing tendencies, and used "Announcing the release of Visual Studio 2005 Express Editions" as his title.
So, for the next year, the express versions will be freely downloadable. And if you register a downloaded version, you can get a few goodies, explained in Dan's post.
Props to all the MS people who worked so hard to make the express editions a reality.