Although C# doesn’t have any direct equivalent for the general case, C# 3 gain object initializer syntax for constructor calls:
var foo = new Foo { Property1 = value1, Property2 = value2, etc };
See chapter 8 of C# in Depth for more details – you can download it for free from Manning’s web site.
(Disclaimer – yes, it’s in my interest to get the book into more people’s hands. But hey, it’s a free chapter which gives you more information on a related topic…)