Generics - T constructor

A couple of days ago I found an irritating limitation in .Net 2.0 Generics.

Lets say I want to create some sort of a generic object factory, I'll define the following interface:

namespace Sternr.Tests
{
  public interface IGenericFactory
  {
    public T CreateInstance<T>();
  }
}

Where T is the type of object I want to create.
In .Net 1.x, if I wanted to create a new instance of a specified Type, I needed to use reflection, but in 2.0 you can use the following manner:

T newInstance = new T();

Which is prettier ;)
All you need to do to use this syntax, is declare that T has a default constructor:

public T CreateInstance<T>() where T: new()

For now, everythink looks good, but what happens if I want to make my factory smarter - and I want to support a parameterized constructs?
One would think the following should do the trick:

public T CreateInstance<T>() where T: new(object[] args)

But it turns out this syntax is NOT supported and will result in compilation error!

In order to overcome this limitation I had use my last resort - reflection...

Oh well, lets hope it's been fixed in 3.0...