Disclaimer The opinions expressed herein are my own personal opinions and do not represent my employer's view in anyway.
You may have noticed that if you create a corporate intranet using Microsoft Office SharePoint Server 2007 Beta 2, any team site that you create will lack the "Save Site As Template" link in the Site Settings admin page. Does this mean you can't save a site as a template? No...it just means that the link is missing. To save the site as a template, simply navigate to the /_layouts/savetmpl.aspx page. For example, if you have a site with a URL of http://myserver/sitedirectory/myworkspace/default.aspx, then go to http://myserver/sitedirectory/myworkspace/_layouts/savetmpl.aspx and you will get the correct "Save Site As Template" page for your site.