I can't say it is better or worse. That opinion is based on what you like. VS2005 has a lot of built in functionality like gridviews, datalists, datasets and so much more that it is a drag and drop and a few clicks you posting data.
The software generates a lot of code on the back end but all-in-all is great. Bugs in the software, yes a few, but, not enough to prevent anyone from getting it.
Negatives is that you can use only 2.0 and 3.0 framework with it.
I would recommend going to VS2008 wich uses 3.5, and installing AJAX to enhance the UI. VS2008 allows you to select which framework to use.
Best Regards,
Spence