I am building a web site where it would have been convenient to be able to use dynamic includes. The site is all ajax (no page reloads at all) and while the pure-data JSON-returning calls didn't need it, all the different html content for each different application sub-part (window/pane/area/form etc) seems best to me to be in different files.
My initial idea was to have the ajax call be back to the "central hub" main file (that kicks the application off in the first place), which would then know which sub-file to include. Simply including all the files was not workable after I realized that each call for some possibly tiny piece would have to parse all the ASP code for the entire site! And using the Execute method was not good, both in terms of speed and maintenance.
I solved the problem by making the supposed "child" pages the main pages, and including the "central hub" file in each one. Basically, it's a javascript round-trip include.
This is less costly than it seems since the whole idea of a web page is that the server responds to client requests for "the next page" all the time. The content that is being requested is defined in scope by the page being called.
The only drawback to this is that the "web pieces" of the application have to live partly split apart: most of their content in a real named .asp file, but enough of their structure and relationship defined in the main .asp file (so that, for example, a menu item in one web piece knows the name to use to call or load another web piece and how that loading should be done). In a way, though, this is still an advantage over a traditional site where each page has to know how to load every other page. Now, I can do stuff like "load this part (whether it's a whole page or otherwise) the way it wants to be loaded".
I also set it up so each part can have its own javascript and css (if only that part needs those things). Then, those files are included dynamically through javascript only the first time that part is loaded. Then if the part is loaded repeatedly it won't incur an extra overhead.