If you have not seen it already, Jonathan Kehayias is writing a 31 day series on extended events in celebration of the public release of Denali CTP1. You can start at the master post to find links to each days efforts. As of this writing he is on day 3 and this is well worth the read.
Enjoy!
-Mike
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About extended_events
The SQL Server Extended Events team at Microsoft is responsible for the care and feeding of the Extended Events infrastructure. Extended Events was introduced in SQL Server 2008 and supports generic eventing within SQL Server. Currently Extended Events is used for diagnostic tracing and as one of the technologies underlying SQL Server Audit.