There are so many things which has changed in IIS7 for the better and one of them is about the way SSL works. Although IIS6 allowed kernel mode SSL (starting with Windows 2003 SP1) that wasn't the default option. As far as I know (AFAIK) not many customers used it or knew about it.
Starting with IIS7 kernel mode SSL is going to be the default setting and the only setting. This was primarily for performance reasons. So let us see how it differs.
IIS6 SSL request/response flow
IIS7 SSL request/response flow
You know that context switching between kernel mode and user mode is expensive and this new design of how SSL processing is done inside kernel mode increases performance on IIS7.
IIS7 Rocks!!!