Borland Developer Studio 2006 Update 2 is available!
Read all the details in this article.
Coming from a VCL background I was looking for a TMemo in Winforms for the first time I used it. To spare you some time: there is no component like that in Winforms. Simply use the TextBox, which is the TEdit in Winforms, and set the MultiLine property to True. There you go.
Another striking difference is that Winforms handles the Lines property as an "Array of String", not TStringlist, which is way more comfortable.