>Has anyone heard a release date for Visual Studio 7.0 or a new release of VFP. Thanks

There is no release date. It isn't even in beta yet. VFP 7.0 and VS 7.0 will be released at the same time. There were some features shown at DevCon. Speculation is that release will be sometime between June (TechEd is scheduled for then) and September (VFP DevCon in Miami).