Is WAS distinct from IIS? How is WAS better than IIS?
In case you mean Windows Activation Service: WAS - is the new process activation mechanism that ships with IIS 7.0. WAS builds on the existing IIS 6.0 but is more powerful because it provides support for other protocols besides HTTP, such as TCP and Named Pipes.
The WAS hosting is the real new feature because it provides a concept that extends the ASP.NET HTTP hosting concept (ASMX Web Services). As a standalone Windows component, WAS is completely separated from the IIS hosting environment and provides a protocol-agnostic activation mechanism, so you aren’t limited only to HTTP. WAS allows you to choose the most appropriate protocol for your needs: