One of the things that was announced at TechEd was that was has been known as WinFX is being re-branded as .NET Framework 3.0.
Some folks have some questions about what this means, so I wanted to provide some clarifying info on this.
The .NET Framework 3.0 will still be comprised of the existing .NET Framework 2.0 components, including ASP.NET, WinForms, ADO.NET, base class libraries, and the CLR, as well as new technologies Windows Presentation Foundation (WPF), Windows Communication Foundation (WCF), and Windows Workflow (WF). In addition, we have made a decision to name the technology formerly codenamed “InfoCard” as Windows CardSpace (WCS). Windows CardSpace will also be a component of the .NET Framework 3.0:

We announced this over the weekend through Soma's blog, and the two questions that I'm hearing are -
Is this new code?
No. This is not a code change, this is a marketing/name change.
So I can just install .NET Framework 3.0 binaries?
No. This is an additive release, ,NET Framework 3.0 will require .NET Framework 2.0 be installed.