Removed:

All languages except English
Windows Messenger
Windows Tour
OOBE

Added:

.NET Framework Versions 1.1 & 2 With All of Their Updates
Mircrosoft Visual C++ Runtimes
Microsoft Visual J#
Enhanced Control Panel
K-Lite Mega Codec Pack v2.01
DirectX v9.1.3
Flash Player v9.0.28
Windows Media Player 11
Internet Explorer 7
Firefox v2.0.3
ThumbView Lite 1.0 (Let's you view thumbnails of odd types of images, such as PSD's)
WinRar v3.7
Foxit v2.2 (For viewing PDF's)
UnDelete Plus v2.8 (Recover Lost Files)
Vista Drive Indicator (Adds a Meter to HDD Icons That Shows How Much Space is Free)
Numerous Tweaks to Registry to Enhance Usability
Multiple Context-Menu Additions (Right-Click Menu)