I had two posts about this last month.  I saw a newsgroup posting claiming it would have e&c, and then some more material saying no way.  Now the buzz is up again, and who know what could come of it.  Check the details at Bill Evjen's Blog.

Although I do more vb.net professionally then c#, I am still a c# guy at heart.  I think E&C in c# is a huge feature, that I would love to see.  I've read the arguments (and heard thanks dnr) about c# debugging sessions being "different" then vb.net, and I just don't buy it.  This argument might fly for the c++ camp, but most of the c# developers I know came from vb, so they were used to having it. 

My vote, get it in there if possible.  There are a ton of great new features slated for c# 2.0, but this one is pretty important too, at least in this developers mind.