I know this is an old question, but since the other answers all
I thought I'd add a "pure" option which only requires datetime operations and works with SQL Server 2005+:
SELECT DATEADD(dd, -DATEDIFF(dd, 0, mydatetime), mydatetime)
This calculates the difference (in whole days) between date zero (1900-01-01) and the given date and then subtracts that number of days from the given date, thereby setting its date component to zero.