As per C# tea Time, Visual studio 2005 RC is out and avaialble for MSDN subscribers. But when I browsed the available downloads from subscription section, only Team suite and Team Test Load Agents are available for download.
Anyway, may be am too early out there. Will check later to see if I can get the download
Related to PDC 2005, here is a forecast from Tom’s hardware guide on hot things that pops up in the conference