If you follow this blog, a reader already mentioned this release -- finally, HTTP compression is now a feature in Microsoft's Internet Security and Acceleration Server 2004 or ISA 2004:
http://www.microsoft.com/isaserver/evaluation/sp2/default.mspx
We have yet to test the new service pack -- let us know what you think. If you are running ISA 2004, doing compression at a proxy gateway has many caching advantages but it may not be the most optimal or cost-effective approach to compression, especially if you have unused CPU leftover on the origin IIS servers to do compression there behind ISA... but most likely you will be just fine with this new service pack on ISA 2004.
Our kudos to the MS ISA team -- nice work, folks.
IISers, let us know what mileage you get with compression now native on ISA 2004 SP2, and keep compressing.
Happy weekend,
Port80