A few months ago, I had the pleasure of meeting Gerry O'Brien, who in charge of the development of Microsoft certifications for developers. I was invited, along with 6 other wonderful ASP.NET developers, to a 3-day work session where we basically got to decide the outline of the new ASP.NET 3.5 pro exam. This would later be the basis of the prep guide for the ASP.NET 3.5 Pro Exam.
In short, though our outline was totally from the previous 2.0 outline and vastly different from the other two groups that were present, my group was very proud of what came up with for the outline and feel that meets all of the objectives that Gerry was looking for. Interestingly enough, a developer noticed this difference and asked on Trika's blog was the deal was! Gerry answered that question very nicely in his blog.
The moral of the story is, don't expect the new 3.5 exams to be like the 2.0; a lot work has been put forth to make them better and more focused on what you're supposed to be tested on ... the product, and not everything that goes with being a professional developer.