.NET 1.1 or .NET 2.0?

After reading the article about "At Microsoft, all roads lead to Longhorn", i was thinking to migrate my .net 1.1 framework to 2.0. However, the tools that were compatible with .NET 2.0 is still under beta, one which is very popularly used to develop the .NET application, Microsoft Visual Studio version 2005. It's still under beta stage 2 which i believe it would not be as stable as Visual Studio 2003, the latest official release. Then i went to check the compatibility issue regarding the programming structure of .NET 1.1 to 2.0, and i was shocked with a long list(few pages) of changes need to be made before it can be work out on 2.0. As i scroll down and take a glimpse on the list, i was relieved. It includes the changes that affects all the languages that were supported by .NET(includes VB,C++...), so you does not need to concern on other languages if you are not using it. This can be easily modified whenever migrating to 2.0. You can check it out here. According to News.com, the upcoming Orcas, code named for Visual Studio 2005, would be optimized to build Longhorn applications. This would definately a great requirement in us, graduates, in order to stay competitive. Hope to polish up my knowledge on the new Visual Studio 2005 to prepare myself for the world of "Windows".