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The core exam for MCTS and MCPD on .net 2.0 now requires you know the whole .net framework, even if you are only a web developer.
The old MCSD only required you know web development skills (if you chose web development pathway). So you could get certified without knowing windows programming.
Also the questions are now written to require real world experience to answer them.
So exam MCSDs will really struggle to upgrade their certs to .net 2.0 without having a photographic memory :) and leave the real developers to make all the money