Nah, it installs the .Net Components but doesn't install Framework 1.1
I couldn't install the framework until i installed SP2, it seems to have fixxed that annoying Windows Installer problem i was having; so i installed it right afterwards
It comes with DirectX 9.0c though, which would explain why 9.0c isn't out yet. They're waiting until SP2 is finished and released, usually Candidates only take a month or so before going public.
So this means 9.0c is due out soon but more importantly I CAN FINALLY USE SM3.0 YAAAAAAAAAAAAY!
So this is cool. I'm still trying to figure out why running DirectX fullscreen applications hangs the system though :-\