Well,
I was getting ready to write this cool, earth shattering blog entry, but I was beat to the punch in a fancier fashion. So instead, I will summarize, and point to the resources :-)
.NET 3 is a collection of technologies and addons to the 2.0 Framework. It is not in my opinoin, and confirmed now a bunch of new bcl or clr stuff. It's features, platform, powerful features that may be rich and complex, but nevertheless, it's features.
...
Now, to say the ASP.NET team is a little unfair, becuase I have been finding a bunch of really good teams at MS. VSIP team, C# Team, BCL Team and ASP.NET Teams are my favorites though, mainly becuase they are the ones I speak with mostly :-)...