The introduction of Automatic Properties in C# 3 (VS 2008) means that the snippet for creating properties (prop) now generates a singleline of: public type Property { get; set;}
However, if you are working in .Net 2 and still want to use the old snippet, just follow the link below. (adds a propc snippet that generates the .Net 2 properties ;)

http://wpfcontrols.blogspot.com/2008/01/vs-2008-property-code-snippet.html