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Wow, it finally happened
The good news is that MS finally released their very first ever service pack for a Visual Studio .NET product. The bad news is that it's Visual Studio .NET 2002SP1. Presumably VS 2003 SP1 is right around the corner.
I wouldn't hold my breath that it will improve much of anything. The Web designer in 2002/2003 is so hopelessly broken that the only way it can be fixed is to replace it.