An interesting post on APCstart.com

"It remains to be seen if IIS7 is an "Apache Killer", but Microsoft has certainly made great strides in accommodating the needs of different flavours of administrator. "

IIS 7's new APPCMD.exe has a lot of capability. You can create sites, vdirs, stop and start sites, change bindings, list modules loaded for a site, list currently executing requests for a pool, and more.

Check out http://www.iis.net/default.aspx?tabid=2&subtabid=25&i=1222