I have been looking forward to this as many of you have. The Visual Studio 2008 Extensions for Windows SharePoint Services 3.0 Tools version 1.2 have been released; go ahead and download this (VSeWSSv12.exe) if you have Visual Studio 2008.  Thanks to the Chris Johnson (WSS PM) and the rest of the WSS team for the release!

Here is what Version 1.2 of the Visual Studio 2008 Extensions for Windows SharePoint Services contains the following tools to aid developers in building SharePoint applications:

Visual Studio 2008 Project Templates

• Web Part
• Team Site Definition
• Blank Site Definition
• List Definition
• Empty SharePoint Project

Visual Studio 2008 Item Templates (items that can be added into an existing project)

• Web Part
• Custom Field
• List Definition (with optional Event Receiver)
• Content Type (with optional Event Receiver
• Module
• List Instance
• List Event Handler
• Template

SharePoint Solution Generator

• This stand-alone program generates a Site Definition project from an existing SharePoint site. The program enables developers to use the browser and Microsoft Office SharePoint Designer to customize the content of their sites before creating code by using Visual Studio.

Download - Visual Studio 2008 Extensions for Windows SharePoint Services 3.0 Tools version 1.2 (VSeWSSv12.exe)