Since the beta of sp1 for Visual Studio and the .NET Framework has been released earlier this month, there have been a number of articles about what's included. What makes this service pack more interesting than for example the service pack for Visual Studio 2005, is that new features have been added. New features have not only been added to Visual Studio but also to the .NET Framework.
Since a lot of posts have been made about the changes and improvements, I won't compile another list. I'll just point out some of the more interesting changes. (If you are interested in a list of changes, Scott Gu has a pretty complete list.)
The most interesting changes and additions for me are:
Additional info about the service pack here (yes, more lists ):
Update: Scott Hanselmann used nDepend to see what API's have changed with this servicepack. All changes are additive, so the service pack shouldn't break any existing applications. Patrick Smacchia has a complete list of changes.