Just out of attending a session on SQL Server Reporting services. This seems to be a complete reporting solution and the reports designer is integrated into VS.NET itself. This has quite a bit of cool features like cross-tab(they call it Matrix), parameters etc which you get without coding anything. From the demo, it looks like it has all the features of the Crystal package that ships with VS.NET and more. Public beta is gonna be in August and the product is shipping end of year.
Seems to be one of those products to keep an eye on.