Whenever I have a library that use across different websites/ applications I've always just added the library's project into the same solution and reference it from there. This is great when needing to debug within the solution but in all other situations it seems pointless and more space taken up in the solution explorer.
Also another positive or negative is that if that library is updated by someone else in the company and I then build another application which uses the same thing they could possibly have broken the build. If for whatever reason that cannot be fixed with the current application then you could go back into your source control and roll back to an older version, but this seems a bit too OTT.
I was just wondering what other people's thoughts on this subject are. What do you normally do, reference the dll or do you add the project to your solution.