Visual Studio 2012 with .NET Framework 4.5 is available now

Major changes in new Visual Studio are:

• Designing, building, debugging, optimizing and publishing metro style apps
• Language improvements for Visual Basic, C#, C++, JavaScript and F#
• Application LIfe Cycle Management (ALM)
• Microsoft .NET Framework 4.5
• IDE improvements like Page Inspector, Intellisense, Search

Here is a good url with 13 short interesting videos which explains few of the new features including new Entity Framework 5 videos.

Read more about the different editions on downloads page.

As usual, Visual Studio express versions can be downloaded for free from here.