This is because it is supposed to be launched at 10am Pacific time 12th April 2010 (because the launch is in Las Vegas). Which over here in London will be 6pm.
Update: It is out now so get Visual Studio 2010 here
As a side note - it is interesting how they have a code fail on their site I assume they are using local time for the countdown which in London has lead to the following countdown fail:
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