Great read, looks like it's heading in the right direction. As expected, all the hysteria a short 3 months ago about it being a "trainwreck" were a bit off.
The most surprising part of the review:
Surprisingly, Windows Vista Beta 1 is a speedy performer. In fact, I wouldn't be surprised to see statistics showing that it's already faster than XP on the same hardware. This is somewhat confusing to me, since early betas are generally not tuned for performance. Plus, Vista has an incredibly dense UI compared to UI. I'll be interested to see whether this changes over time.
Some screenshots (many more in the review):










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