Craig,

>If it is given out at PDC, it will be a beta. I'd be surprised if they do it.

The official MS Press Release says that they will release an early technical preview of C# (doesn't mention VS7) at the PDC.

http://www.microsoft.com/presspass/press/2000/Jun00/CSharpPR.asp
http://www.microsoft.com/presspass/features/2000/jun00/06-26csharp.asp

However, Ballmer's speech last week talked of VS7 beta being widely released by summer. Here's the exact quote:
We will have Visual Studio 7 in the hands of tens of thousands of developers this summer,

http://www.microsoft.com/presspass/exec/steve/06-22f2k.asp