Microsoft updates DreamSpark, students can now get Visual Studio 2010 free
For a full list of the software available with DreamSpark, check the support FAQ. In brief: Visual Studio 2010, Windows Phone(!), SQL Server 2008, Expression Studio 1.0 (and 2.0 trial version) and Windows Server 2008.
Even if you're not a student, it's worth checking out the DreamSpark site to experience Microsoft's attempt at young-and-savvy. Phrases such as 'pony up good cash' and 'totally cool' are rife. There's even a rhetorical question or two thrown in: "Oh, and by the way? These are the serious versions for serious people. We're talking, the big-time stuff."
Anyway, whatever -- this is awesome. Go get your freebies, students!