Microsoft Watch has the latest on the Visual Studio Service Packs:
Microsoft is planning to roll out Service Pack 1 (SP1) for Visual Studio 2003 (VS 2003) in the second quarter. Beta testing of that service pack is slated to begin in late March. The company is readying in parallel SP1 for Visual Studio 2005 (VS 2005), and planning to ship the final release of that code in the third calendar quarter of this year. Microsoft has not gone public with an expected beta date for SP1 for VS 2005.
'nuff said.