The 2003 DataGrid has been renamed to GridView in 2005, the primary differences center around the a range of features that 2003 developers would have often needed to add before are now also available in the "style of" auto generated code for the new Gridview
These kinds of options move the toolset firmly into the RAD category but equally firmly allow programmers to code in more in-depth industrial strength fashion e.g. using an enterprise application blocks' returned data source rather than a more explicit schema dependant one.
Two examples of how a Grid can be visually enhanced, see PDA for helpful code. (C#)