You can create dependency graphs of .NET assemblies and application projects in VS 2010 Ultimate. You can generate assembly dependency graphs as one of the standard graphs, or you can use Architecture Explorer to browse your solution, select projects and the relationships that you want to visualize, and then create a dependency graph from your selection.
For more info, see the following topics:
How to: Generate Graph Documents from Code: http://msdn.microsoft.com/en-us/library/dd409453%28VS.100%29.aspx#SeeSpecificSource
How to: Find Code Using Architecture Explorer: http://msdn.microsoft.com/en-us/library/dd409431%28VS.100%29.aspx
RC download: http://www.microsoft.com/downloads/details.aspx?displaylang=en&FamilyID=457bab91-5eb2-4b36-b0f4-d6f34683c62a.
Visual Studio 2010 Architectural Discovery & Modeling Tools forum: http://social.msdn.microsoft.com/Forums/en-US/vsarch/threads