Keynote Speech : As expected, there was the usual build up of upcoming Microsoft releases (VS 2008, Microsoft Expression, Silverlight, .Net framework 3.5 to name but a few) present in the opening speech, and although this was interesting, I felt most impressed with Somasegar's achievements and commitments to much needed MSDN improvements. Somasegar (who is VP of Microsoft's Developer Division incase you didn't know) seems to have a desire to create a real community for real developer input, making it a primary port of call for many rather than few.
Another thing I was impressed with was the newly introduced Software + Services Blueprints that contain a framework with source code access, guidance and tools that work with Visual Studio to enable you to easily build software + services solutions. Although many software companies have their own patterns etc for building software solutions, it seems like a great place to get your teeth into add-ins for Microsoft products (such as the first in the series of such blueprints: creating an Outlook 2007 add-in ). He has also now posted a blog entry related to his TechEd Europe keynote speech online which might be of interest to those not here in person.