The codex says: "With the new Pages feature in 1.5, it's easy to use WordPress for basic content management." I totally agree and I was delighted to see this feature added. My needs are not extensive enough to justify a full blown CMS package, so having this alongside my blog is absolutely perfect.
I wondered if I could suggest just taking this concept a bit further by providing options for pages on the editing interface, as we already do for posts? Right now with pages, you are either published or not. There are no other options, so I would suggest:
Let me explain the "Unlisted" options as I think the rest are self explanatory. This is in effect the <?php wp_list_pages('arguments'); ?> with the exclude arguement. This would allow the user to exclude a page from a page list without having to hand edit the style sheet. To have this option available on the fly, along with the others, would open up all sorts of possibilities for WordPress Pages.
BTW, many thanks to the development team on v.2 I have been running it for a week now with no major problems. Simply legend!