At this point in time Microsoft has contradictory information posted about what features are included in the Standard versus Professional editions of Visual Studio 2008. The main page says one thing, and the downloadable 35 page PDF comparison of features says another.
The 35 page comparison where 98% of the items agree is virtually useless. Is MSFT trying to bury us in useless info so we just throw up our hands and buy the more expensive edition? Certainly looks like it.
Two things I could not clarify: are the menus redacted in Standard? Are you limited to a single (ClickOnce) deployment method in Standard?
The template for web unit testing is NOT included in Pro, for that you need Test Edition.