Announced at PDC this week

http://www.microsoft.com/downloads/details.aspx?FamilyID=6806e466-dd25-482b-a9b3-3f93d2599699&displaylang=en

Finally a version of blend that will open vs2010 projects (and of course handle wpf4 and silverlight 4)

it will run side by side with blend 3

enjoy