We took the new express train from Shanghai to Hangzhou yesterday and were really impressed. The express train is apparently really new since none of our guide books referenced it. We took the subway to Hongqiao Railway station by the domestic airport. The station was HUGE and immaculate. Mike wanted first class tickets, but when we saw second class those looked nice as well! The whole trip only took 50 minutes and cost us about 250 RMB, or a little over $20 each.