MSBuild for .NET 1.x - MSBee

good news !!!.
In an effort to support 1.x, Microsoft MsBuild team will be targetting 1.x. Project name is MSBee, which stands for MSBuild Everett Environment.

Everett was the code name for Visual Studio 2003.
Though the release date of the same has not been fixed, but still hoping to get it released by june, 2006 something with the release of longhorn