Alpha Microsystems has purchased the source code to a third-party ListView control and has modified it to create an advanced ListView control that is capable of in-place item editing amongst other features. This control has not been fully documented at this time but is available for your use. It is quite similar to the standard .NET ListView control and with the aid of the TrueGuiListView help file, you should be able to figure out how to use some of these new features.
The control is a modification of the GlacialListView control sold by GlacialComponents. Their website is located at www.glacialcomponents.com and contains additional information on the use of this control as well as an active user bulletin board that can be helpful.