Here's a problem you're likely to get when setting up a new dev' box.
"Visual studio .NET has detected that the specified Web server is not running ASP.NET version 1.1. You will be unable to run ASP.NET Web applications or services."
Solution
Open a command window and run 'aspnet_regiis' with the -i option
aspnet_regiis -i
What is the -i option for?
"Install this version of ASP.NET and update scriptmaps at the IIS metabase root and for all scriptmaps below the root. Existing scriptmaps of lower version are upgraded to this version."
(Continues, if you're real damn interested...)