There are a handful of new features in Beta 2 and lots of performance tweaks and bug fixes.  My favorite new feature: the ZIndex property!  Hooray!  Anyone who has dabbled with WPF even remotely has requested this feature and now we have it -- an attached property on every FrameworkElement!  And, of course, it is a DependencyProperty, so you can animate it. Here's a simple code sample:

<Page xmlns="http://schemas.microsoft.com/winfx/2006/xaml/presentation" WindowTitle="ZIndex Sample">
  <Canvas>
    <Rectangle Canvas.ZIndex="3" Width="100" Height="100" Canvas.Top="100" Canvas.Left="100" Fill="blue"/>
    <Rectangle Canvas.ZIndex="1" Width="100" Height="100" Canvas.Top="150" Canvas.Left="150" Fill="yellow"/>
    <Rectangle Canvas.ZIndex="2" Width="100" Height="100" Canvas.Top="200" Canvas.Left="200" Fill="green"/>

    <!-- Reverse the order to illustrate z-index property -->

    <Rectangle Canvas.ZIndex="1" Width="100" Height="100" Canvas.Top="300" Canvas.Left="200" Fill="green"/>
    <Rectangle Canvas.ZIndex="3" Width="100" Height="100" Canvas.Top="350" Canvas.Left="150" Fill="yellow"/>
    <Rectangle Canvas.ZIndex="2" Width="100" Height="100" Canvas.Top="400" Canvas.Left="100" Fill="blue"/>
  </Canvas>
</Page>