Windows Sharepoint Services v3.0
WSS is coming out with an upgrade sometime this fall. Currently it is in Beta 2 and will have a technical refresh later this summer. Right now they are expecting to go live with the current Beta 2 code.
The new WSS will be .Net 2.0 code. Some of the new features are; a better look and feel, more granular security, security trimmed UI, and a site map tree.
Because it will be .Net 2.0, it will be able to support Forms Authentication which makes it a better candidate for an external facing site. It also reportedly will allow both Forms and Domain Authentication.
I will try to locate white papers on the forms auth.

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