Is there a more direct path to migrate SharePoint from 2003 to 2010 without having to go through 2007? Has there been any recent development that allows admins to do that?
EDIT Update has been changed to migrate, since upgrade is not possible
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The recommended path is always through 2007. There have been no attempts made to bridge this and Microsoft say it is not possible here:
When you are thinking to migrate from SP2003 to SP2010, most probably you want to migrate only the content (and users in some cases). Here are some tools which can do that : http://cmsreport.com/comment/11878
Due to heavy architecture difference from 2003 to 2010, of course you cannot migrate anything based on features in SP2003 that are discontinued in SP2010. Here are some obsolete features of 2003 which for which you have to re-develop : http://technet.microsoft.com/en-us/library/cc179142(office.12).aspx