XNA Game Studio released!
In addition we've also launched the Creators Club which is a subscription based service available through the XBOX Live platform (US$99 for 12 months) that gives developers a load of resources from both Microsoft and partners including starter kits, white papers and other "game assets" (I didn't know games had assets....).
You can download XNA Game Studio Express now. You will also want to visit the Game Studio Express home page here to get more information.
If you *happen* to be in Washington State, you might want to drop by the party the XNA team is having...