It's been released - Get the MySQL connector for .Net v6.5 - this has support for [Entity Framework]
I was waiting for this the whole time, although the support is basic, works for most basic scenarios of db interaction. It also has basic Visual Studio integration.
UPDATE http://dev.mysql.com/downloads/connector/net/ Starting with version 6.7, Connector/Net will no longer include the MySQL for Visual Studio integration. That functionality is now available in a separate product called MySQL for Visual Studio available using the MySQL Installer for Windows (see http://dev.mysql.com/tech-resources/articles/mysql-installer-for-windows.html).
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