Release notes and readme files

["egalite" <egalite -at- westnet -dot- com -dot- au>]

Hello fellow techwhirlians...

I've tried googling, and have read the 4 pages in the Microsoft style guide,
but information appears to be sparse. 
Is anyone aware of a best practice guide on how to write release notes or
readme files? What's the real difference between them anyway? The MS example
kind of lost me.  

My PM wants to produce release notes that basically contains a list of all
bug fixes. I'm not sure how useful this would be to an end-user, especially
if the product's not an off-the-shelf one (although it might be in future). 

Also, any thoughts on providing the readme in a format other than text?
We're considering supplying it in PDF.

Thanks,
Trish :)

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