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Here's the deal, I had my website configured as Virtual Directory of my Default Web Site in IIS 7. I could open it in VS.NET 2008 (File > Open > Website) and work with it.

Now I got rid of the Virtual Directory, and created a new website in IIS (localhost:82). Ever since I've done that, I CANNOT open that site in VS.NET. It gives me alt text

VS is under Admin account, Any ideas?