Visual Studio 11 Ultimate Beta
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You won't believe, but I used VS2010 since the first public distributive (RC or tech preview, whatever). Yep, there was SOME noncritical bugs, but in common I was comfortable to use it. Anyway, ANY software has bugs, question is how they affect your PERSONAL experience. I don't care if somebody cannot edit HTML pages, just because I do WPF apps. :) Related VS2010, nothing changed to me even after SP1 - the same IDE with great speed-up of my coding. Don't repeat rumours, don't trust friends - just try YOURSELF.
Pre SP1, VS2010 used to go completely black for me once in a while. Alt-tabbing back and forth would fix it. Various weird things that could be fixed by cleaning the solution and rebuilding everything also seems to have disappeared since SP1. Granted these things aren't showstoppers, but they annoyed me.
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It will probably have new bugs, too. You remember when VS2010 was new, right? And 2008 before it?
In fact, I have found that most of the newer versions fix important problems found in earlier versions. Thus they are generally more stable.
Philippe Mori