A really nice feature when using .NET Framework 2.0 (beta) is that you can run ASP.NET 1.1 nad ASP.NET 2.0 side by side on the same IIS. You can configure individual virtual directories in the IIS to use different version. The IIS Management Console has a new tab called ASP.NET, see image below, in which you can select which version you would like to use, whithout doing a lot of script-mappings.
This makes it really easy to make new applications take usage of the new .NET Framework while your old applications still use the .NET 1.1.