Scott Guthrie has posted in his blog that a full featured RC of Atlas would be coming by the end of this year. Also, the naming game for code name "ATLAS" seems to be over.
Some of the popular names were:-Rich Web Programming Foundation - RWPFWeb Technology Framework - WTF (!)AJAXX (aka let's just add an 'X' to the existing name to make it sound cooler)Rich Language ASP FrameworkBig ASP Rich Foundation - BARFActive Client Pages - ACP
The client-side “Atlas” javascript library is going to be called the Microsoft AJAX Library. The server-side “Atlas” functionality that nicely integrates with ASP.NET will be called the ASP.NET 2.0 AJAX Extensions. The toolkit has become ASP.Net Ajax Control Toolkit.
Lots of promises are being made by the "Atlas" team, hopefully they walk the talk.