You can nominate yourself for the ACTv5 beta at http://connect.microsoft.com - select the "Available Programs" link and then look for "Microsoft Application Compatibility Toolkit Version 5.0 Beta" - more below:

"Some key features that will be included in ACT 5.0 beta:

        An inventory collector that will detect applications installed on a computer

        Compatibility evaluators that will detect potential application issues that are –

*      Related to User Account Control on Windows Vista

*      Related to Internet Explorer 7

*      Correlated to specific Windows/security updates

        A new user interface that provides the capability to centrally manage the configuration and scheduling of compatibility evaluators

        Extensive reporting functionality that enables viewing and pivoting of reports based on updates, applications, computers, and websites

        Data organizing capabilities that allow –

*      Creation of custom categories

*      Assigning of priorities and deployment status for applications

*      Management capabilities of issues and solutions

*      Removal of unwanted applications from reports

        A significantly improved tasked based online help system

        A Microsoft Compatibility Exchange web service that allows –

*      IT Pros to share application compatibility data with each other

*      Microsoft to share Windows Vista testing data"