Microsoft has released Visual Studio 2012 RC and is available for download through MSDN as well.
Visual Studio Ultimate 2012 RC is the state-of-the-art development solution that empowers teams of all sizes to design and create compelling applications to delight users. You can use flexible agile planning tools—like capacity planning, taskboards, and backlog management—to enable incremental development techniques and agile methodologies, at your own pace. Use advanced modeling, discovery, and architecture tools to describe your system and help ensure that your architecture vision is preserved in the implementation. Bring development and operation teams together by using IntelliTrace in production, Operations Manager Connector, and Preemptive Analytics. Improve quality and reduce time to resolution by generating actionable bugs from deployed software, and effectively partner with the operation staff to provide data that gives developers greater insight into production issues.
Read these blogs for more details
http://www.hanselman.com/blog/VisualStudio2012RCIsReleasedTheBigWebRollup.aspx
http://blogs.msdn.com/b/visualstudio/archive/2012/05/31/visual-studio-2012-rc-available-now.aspx
Download:
Microsoft Visual Studio Professional 2012 RC
Microsoft Visual Studio Premium 2012 RC
Microsoft Visual Studio Ultimate 2012 RC
Microsoft Visual Studio Test Professional 2012 RC
Microsoft Visual Studio Team Foundation Server 2012 RC
Microsoft Visual Studio Team Foundation Server Express 2012 RC
ASP.NET MVC 4 Release Candidate for Visual Studio 2010 SP1 and Visual Web Developer 2010 SP1
Courtesy: Microsoft Download Center
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