Had a brief discussion with Bob Lair today of Intensity Software. They're the folk that work with Fujitsu on NetCobol. They have a version of IBuySpy Store written in COBOL. Worth looking at if you think VB is verbose.
Another neat beast they've written that I definitely need a demo of is NetKicks -- a convertor for CICS apps to move them over to ASP.NET:
The NetKicks system provides support to compile, link and execute CICS COBOL applications taking the 3270 character mode screens into GUI equivalents that operate under ASP.NET. The package includes a BMS map to ASP.NET converter, an EXEC CICS program translator and a "CICS Executive" run-time.
Seems like a great way to migrate some old code...