An updated release of Visual Studio Tools for Windows Azure have been released. You can download them here though the Web Platform Installer.

New in this release:

-          Profile applications running in Windows Azure.

-          Create ASP.Net MVC3 Web Roles.

-          Manage multiple service configurations in one cloud project.

-          Improved validation of Windows Azure packages.

I have written two more detailed blog posts: What's New in the August 2011 Windows Azure Tools Release and Using the Profiler with the Visual Studio tools for Windows Azure.