>Nope. COM will still be there.

Not the way it's used today...

Native .Net objects (IL code) are not COM objects and access to 'classic' COM objects is through an interoperability layer.

This is Microsoft's way of phasing out 'legacy' COM apps <s>... Funny how quickly technology goes obsolete these days, huh?

Obsolete is of course exaggerated, but COM components will definitely be less important in the .Net future.