The Windows Longhorn server team has released LH Server Beta 3 version. And Bills has more information of what's new in IIS7 shipping with that version. Lot of new features like shared configuration, brand new FTP server, delegated,remote administration, automatic AppPool isolation, et all. Check this blog for more information on IIS7 beta 3 release. And also the GoLive page! Robert has more information on the most exciting release of a brand new FTP server. FTP server module is the one which hasn't changed in the previous versions of IIS (5,5.1,6). This page has more information on the new FTP server release.