Iterate two Lists or Arrays with one ForEach statement in C#

This is known as a Zip operation and will be supported in .NET 4.

With that, you would be able to write something like:

var numbers = new [] { 1, 2, 3, 4 };
var words = new [] { "one", "two", "three", "four" };

var numbersAndWords = numbers.Zip(words, (n, w) => new { Number = n, Word = w });
foreach(var nw in numbersAndWords)
{
    Console.WriteLine(nw.Number + nw.Word);
}

As an alternative to the anonymous type with the named fields, you can also save on braces by using a Tuple and its static Tuple.Create helper:

foreach (var nw in numbers.Zip(words, Tuple.Create)) 
{
    Console.WriteLine(nw.Item1 + nw.Item2);
}