What is .NET?

Microsoft®.NET is a set of software technologies for connecting information, people, systems, and devices. This new generation of technology is based on Web services - small building-block applications that can connect to each other as well as to other, larger applications over the Internet.

Redstation's Entry Level, Business Hosting, Corporate Hosting and Secure Hosting accounts support the .NET Framework version 1 and 1.1. Dedicated Servers also fully support .NET.

.NET is both a business strategy from Microsoft and its collection of programming support for what are known as Web services, the ability to use the Web rather than your own computer for various services. Microsoft's goal is to provide individual and business users with a seamlessly interoperable and Web-enabled interface for applications and computing devices and to make computing activities increasingly Web browser-oriented. The .NET platform includes servers; building-block services, such as Web-based data storage; and device software. It also includes Passport, Microsoft's fill-in-the-form-only-once identity verification service.

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.Net is an advancement of Visual Basic from Microsoft. once VB rules the programming world and its next version is .net and its ruling the web now..
there are many types like VB.Net C#.Net and more.. pls do googling or wiki it..

.NET Framework is a software component that is a part of several Microsoft Windows operating systems. It has a large library of pre-coded solutions to common programming prob n manages the execution of programs written specifically for the framework.

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.NET is a framework concieved by windows,

in order to work on it

M$ create VS.NET which has VB.NET, ASP.NET C# as prime component.

other IDE's working on .NET platform includes MONO project (porting .net to linux.)

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The .NET Framework is Microsoft's application development platform that enables developers to easily create Windows applications, web applications, and web services using a myriad of different programming languages, and without having to worry about low-level details like memory management and processor-specific instructions.
.NET is both a business strategy from Microsoft and its collection of programming support for what are known as Web services.

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well .NET is an microsoft product . It was developed on windows platform in competition to the java technology. This .Net includes different languges

,NET package

ASP.net
c#
VB.net

All this put ot gether called as .net.

well i will say that .NET is a technology introduced by Microsoft to tacle the market of java. MS just want to get the market which solely belonged to java.
Other specification for .NET you will get in above posts.