Visual Studio 11 Developer Preview
http://blogs.msdn.com/b/jasonz/archive/2011/09/14/announcing-visual-studio-11-developer-preview.aspx  Jason Zander's WebLog
Jason Zander is the corporate vice president of the Visual Studio Team in the Developer Division at Microsoft.  Zander's responsibilities include the Visual Studio family of products, which covers a range of technologies: programming languages; JavaScript runtime and tools; integrated development environment and ecosystem; Microsoft Office, SharePoint and cloud tooling integration; source control and work item tracking; and advanced architecture, developer, and testing tools.
http://www.kodefuguru.com/post/2011/09/14/The-Windows-8-Developer-Ecosystem.aspx
Some exciting announcements are being made here at BUILD.  Visual Studio 11 provides an integrated development experience that spans the entire lifecycle of software creation  from architecture to code creation, testing and beyond.  This release adds support for Windows 8 and HTML 5, enabling you to target platforms across devices, services and the cloud.  Integration with Team Foundation Server enables the entire team to collaborate throughout the development cycle to create quality applications.
.NET 4.5 has focused on top developer requests across all our key technologies, and includes new features for Asynchronous programming in C# and Visual Basic, support for state machines in Windows Workflow, and increased investments in HTML5 and CSS3 in ASP.NET.
suggest you take a look at  Steven Sinofsky  and  S. Somasegar’s  blogs. More details on Team Foundation Server including the new service announced at BUILD and how we’re helping teams be more productive can be found on  Brian Harry’s  blog.
Develop Metro style Apps for Windows 8
From Visual Studio 11, seamlessly open up your Metro style app with JavaScript in Expression Blend to add the style and structure of your application.
Due to the dynamic nature of HTML it is often difficult to see how a web page is going to look unless it is running.  Blend’s innovative interactive design mode enables you to run your app on the design surface as a live app instead of a static visual layout.
Enhancements for Game Development   number of resource editing, visual design, and visual debugging tools for writing 2D / 3D games and Metro style applications . 
 
Code Clone Analysis   The Code-Clone Analysis tool in Visual Studio 11  examines your solution looking for logic that is duplicated, enabling you to factor this code out into one or more common methods . 
Code Review Workflow with Team Explorer
 
Exploratory Testing and Enhanced Unit Testing   agile testing that enables you to test without performing formal test planning .  
What’s New in .NET 4.5   .NET 4.5 has focused on our top developer requests.  Across ASP.NET, the BCL, MEF, WCF, WPF, Windows Workflow, and other key technologies, we’ve listened to developers and added functionality in .NET 4.5.  Important examples include state machine support in Windows Workflow, and improved support for SQL Server and Windows Azure in ADO.NET.  ASP.NET has increased investments in HTML5, CSS3, device detection, page optimization, and the NuGet package system, as well as introduces new functionality with MVC4.  Learn more at  Scott Guthrie’s blog. .NET 4.5 also helps developers write faster code.  Support for Asynchronous programming in C# and Visual Basic enables developers to easily write client UI code that doesn’t block, and server code that scales more efficiently.  The new server garbage collector reduces pause times, and new features in the Parallel Computing Platform enable Dataflow programming and other improvements.

Visual studio 11 developer preview

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    Visual Studio 11Developer Preview
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    Jason Zander isthe corporate vice president of the Visual Studio Team in the Developer Division at Microsoft. Zander's responsibilities include the Visual Studio family of products, which covers a range of technologies: programming languages; JavaScript runtime and tools; integrated development environment and ecosystem; Microsoft Office, SharePoint and cloud tooling integration; source control and work item tracking; and advanced architecture, developer, and testing tools.
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    Some exciting announcementsare being made here at BUILD.  Visual Studio 11 provides an integrated development experience that spans the entire lifecycle of software creation  from architecture to code creation, testing and beyond. This release adds support for Windows 8 and HTML 5, enabling you to target platforms across devices, services and the cloud.  Integration with Team Foundation Server enables the entire team to collaborate throughout the development cycle to create quality applications.
  • 6.
    .NET 4.5 hasfocused on top developer requests across all our key technologies, and includes new features for Asynchronous programming in C# and Visual Basic, support for state machines in Windows Workflow, and increased investments in HTML5 and CSS3 in ASP.NET.
  • 7.
    suggest you takea look at  Steven Sinofsky  and  S. Somasegar’s  blogs. More details on Team Foundation Server including the new service announced at BUILD and how we’re helping teams be more productive can be found on  Brian Harry’s  blog.
  • 8.
    Develop Metro styleApps for Windows 8
  • 9.
    From Visual Studio11, seamlessly open up your Metro style app with JavaScript in Expression Blend to add the style and structure of your application.
  • 10.
    Due to thedynamic nature of HTML it is often difficult to see how a web page is going to look unless it is running.  Blend’s innovative interactive design mode enables you to run your app on the design surface as a live app instead of a static visual layout.
  • 11.
    Enhancements for GameDevelopment number of resource editing, visual design, and visual debugging tools for writing 2D / 3D games and Metro style applications . 
  • 12.
  • 13.
    Code Clone Analysis The Code-Clone Analysis tool in Visual Studio 11  examines your solution looking for logic that is duplicated, enabling you to factor this code out into one or more common methods . 
  • 14.
    Code Review Workflowwith Team Explorer
  • 15.
  • 16.
    Exploratory Testing andEnhanced Unit Testing agile testing that enables you to test without performing formal test planning .  
  • 17.
    What’s New in.NET 4.5 .NET 4.5 has focused on our top developer requests.  Across ASP.NET, the BCL, MEF, WCF, WPF, Windows Workflow, and other key technologies, we’ve listened to developers and added functionality in .NET 4.5.  Important examples include state machine support in Windows Workflow, and improved support for SQL Server and Windows Azure in ADO.NET.  ASP.NET has increased investments in HTML5, CSS3, device detection, page optimization, and the NuGet package system, as well as introduces new functionality with MVC4.  Learn more at  Scott Guthrie’s blog. .NET 4.5 also helps developers write faster code.  Support for Asynchronous programming in C# and Visual Basic enables developers to easily write client UI code that doesn’t block, and server code that scales more efficiently.  The new server garbage collector reduces pause times, and new features in the Parallel Computing Platform enable Dataflow programming and other improvements.