The 7.0 Enterprise Manager is a "snap-in" for the Microsoft
Management Console. You can also manage SQL Server 6.5 servers from the MMC but
not with the same tool. They are simply building the 6.5 Enterprise Manager into
the console.
There are many new wizards including a much more powerful maintenance plan
wizard and import and export wizards for Data Transformation Services.
Web-based administration will be supported, initially for monitoring through
HTML pages shared with the MMC.
DMO is substantially changed. All administration functions are supported
including DML and DDL. There is an integration interface for ISV's. DMO can be
hosted in COM products (VC ++, VB, Visual J++, MTS, Active Server pages) and
Automation products (thru Idispatch) such as Excel, VB Script, JavaScript, etc.
Here is the new object model:

Existing DMO applications will not work against the 7.0 DMO. However,
Microsoft plans to have an upgrader for 6.5 DMO. Don't ask me how or what.
Backup and Recovery
The way databases are backed up when users are on line has been changed. In
6.5, the backup is of a consistent set of pages. Transactions are delayed until
affected pages are written. This affects transaction throughput. The disk is
accesses in non-optimal order because of this. The backup process copies data
between buffers.
The 7.0 backup uses a "fuzzy backup" and includes the transaction
log to make it consistent. There is minimal impact on running transactions
(figures given were that backup with live users on system had about a 10% impact
on users and 10-20% impact on the backup). There is no out-of sequence list. The
pages being backed up are not cached so it is fast.
SQL Server 7.0 will have an incremental backup everything changed since the
last full backup. This is used mainly to reduce recovery time. You would restore
the last full, the last incremental and the log backup instead of several log
backups. It may also reduce the time to backup.
Files and file groups can be backed up individually. This is to support
VLDB's with tight backup window. You will need to still consider Referential
Integrity, etc., if you are backing up files and file groups. You must back up
the transaction log separately since it is in a file of its own and won't be
automatically done as part of file group backup.
You can restore files and file groups as well. This is useful for recovery
from isolated media failure. There are multiple restore plans possible. For
example, suppose you have a full backup on Sunday, an incremental on Tuesday and
Thursday and log backups for Tues, Weds and Thurs. If you crash later on
Thursday you could
restore from Sunday's full, Thursday's incremental and Thursday's log
restore from Sundays full, Tuesday's incremental and Tues Thursday's logs.
This helps with the "My tape broke" problem.
There is an assisted restore that builds a restore plan based on available
backups: either a full database restore or only damaged files. The assisted
restore allows a choice of alternate plans. It performs the restore
automatically.
Additional features of backup and restore:
Database is created automatically on restore
Files can be relocated
Backup supports Microsoft Tape Format (MTF)
Allows sharing of media among backup packages such as NT Backup
You can resume interrupted operation (backup and restore) near the point of
failure
Verify a backup set without actually restoring it.
There is no table-level backup and restore in 7.0.
As to performance, they say that the backup/restore runs at media speed.
There is minimal impact on the server (90%+ transaction throughput while
maintaining 80+ backup speed). Scales up well as backup devices are added. Fast
rollforward is 2-10 times (typically 4 times) faster than 6.5. Third party
backup products can achieve the same performance.