"We are currently in the process of rescheduling this fall’s Professional Developer Conference. As the PDC is the definitive developer event focused on the future of the Microsoft platform, we try to align it to be in front of major platform milestones. By this fall, however, upcoming platform technologies including Windows Server 2008, SQL Server codenamed “Katmai,” Visual Studio codenamed “Orcas” and Silverlight will already be in developers’ hands and approaching launch"
Ah well, it's not the fact that there's no PDC this year that's a blow (I mean, I wasn't going anyway) it's the fact that no PDC means Microsoft have nothing new to show developers. Now that is a pity, I thought Microsoft might have made a big push for developers this year, given the great leaps Google et al are making with their dev. platforms.