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Bill Baer posted an announcement over at the the sharepoint blog:
"In the new version of the SharePoint Administration Toolkit we’ve introduced a new and revised SharePoint Diagnostics Studio that represents a complete departure from previous diagnostics toolkits. The next generation SharePoint Diagnostics Tool, the SharePoint Diagnostics Studio, presents server diagnostic information in a visual and structured way that enables Developers and IT Professionals to quickly diagnose and act upon intermittent performance, reliability and functionality problems in a SharePoint 2010 environment."
Read more here