So, much to my annoyance I discover (after lots of research), that when running 1.1 and 2.0 dot.net frameworks on a 64bit 2003 install, it removes the asp.net tab from the IIS properties. I've tried the registry hacks, I've tried registering 32bit versions of both frameworks, and no luck. My only work around is running the excellent ASP.NET switcher from Dennis Bauer.
Does anyone else have any insight?