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SharePoint There are a bunch of SharePoint features in Visual Studio 2010 Beta. They are going over Business Data Connectivity (BDC) designer, which is available in the project template Business Data Connectivity Model. BDC is one of two most important architectural components of Microsoft Business Connectivity Services (BCS) which enables users to read and write data from external systems—through Web and Windows Communication Foundation (WCF) services, databases, and Microsoft .NET Framework assemblies—from within Microsoft SharePoint 2010 and Microsoft Office 2010 applications. Visual Studio 2010 helps a SharePoint developer to develop, debug and deploy .NET assemblies as external data sources to SharePoint. They show us how to create SharePoint external list using Visual Studio 2010.
To learn more, go to: http://blogs.msdn.com/sharepoint/archive/2009/12/03/walkthrough-of-creating-a-sharepoint-2010-external-list-using-visual-studio-2010-beta.aspx