It also enables you to export sites and lists from your SharePoint installation using a tool called SharePoint Solution Generator. When doing this, it automatically wraps the exported elements into a Visual Studio project, ready for you to develop in.
For download and more information, check out this page on Microsoft Download.
Here's what's new for version 1.1:
- Support for "Web Solution Package" editing
- View and edit all solution content (no more hidden generated content)
- Create new Features and rename existing ones
- Reorder elements between Features
- Check for conflicts with existing Features
- Change Feature activation order
- Visual Basic support
- List Instance item template
- List Event Handler item template
- File System template (project file deployed to the SharePoint application file system)
- Bug fixes