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Some of the new features that are listed in the wordpress blog :

• WordPress Widgets allow you to easily rearrange and customize areas of your weblog (usually sidebars) with drag-and-drop simplicity. This functionality was originally available as a plugin Widgets are now included by default in the core code, significantly cleaned up, and enabled for the default themes .
• Full Atom support, including updating our Atom feeds to use the 1.0 standard spec and including an implementation of the Atom Publishing API to complement our XML-RPC interface.
• A new Blogger importer that is able to handle the latest version of Google’s Blogger product and seamlessly import posts and comments without any user interaction beyond entering your login.
• Infinite comment stream, meaning that on your Edit Comments page when you delete or spam a comment using the AJAX links under each comment it will bring in another comment in the background so you always have 20 items on the page. (I know it sounds geeky, but try it!)
• We now protect you from activating a plugin or editing a file that will break your blog.
• Core plugin and filter speed optimizations should make everything feel a bit more snappy and lighter on your server.
• We’ve added a hook for WYSIWYG support in a future version of Safari.

Read the full article on wordpress blog

Here is the list of new features from wordpress blog :

• Autosave makes sure you never lose a post again.
• Our new tabbed editor allows you to switch between WYSIWYG and code editing instantly while writing a post.
• The lossless XML import and export makes it easy for you to move your content between WordPress blogs.
• Our completely redone visual editor also now includes spell checking.
• New search engine privacy option allows you take you to indicate your blog shouldn’t ping or be indexed by search engines like Google.
• You can set any “page” to be the front page of your site, and put the latest posts somewhere else, making it much easier to use WordPress as a content management system.
• Much more efficient database code, faster than previous versions. Domas Mituzas from MySQL went over all our queries with a fine-toothed comb.
• Links in your blogroll now support sub-categories and you can add categories on the fly.
• Redesigned login screen from the Shuttle project.
• More AJAX to make custom fields, moderation, deletions, and more all faster. My favorite is the comments page, which new lets you approve or unapprove things instantly.
• Pages can now be drafts, or private.
• Our admin has been refreshed to load faster and be more visually consistent.
• The dashboard now instantly and brings RSS feeds asynchronously in the background.
• Comment feeds now include all the comments, not just the last 10.
• Better internationalization and support for right-to-left languages.
• The upload manager lets you easily manage all your uploads pictures, video, and audio.
• A new version of the Akismet plugin is bundled.

The announcement says lots of bugs in the current 2.0 release are fixed in the 2.0.1 release. To summarize:

* You can now specify an upload directory, and whether to use date-based storage or not.
* Caching has been fixed under certain PHP enviroments.
* Permalinks have been fixed for weird enviroments as well.
* XML-RPC uploading works.
* Compatibility with older versions of PHP.
* Several WYSIWYG fixes and cleanups.
* Imports now use much less memory.
* Now works with MySQL 5.0 in strict mode.
Go and check it in wordpress site
http://wordpress.org/development/2006/01/201-relea...

The prizes are too good check them here .

More details about competetion here .

No Invitation needed.

http://www.wordpress.com

You can get the plugin and try yourself here …. (http://akismet.com/ )