If you use it with compatibility mode, it should work.I use even VB6 using this method and it works,but i suggest switching to atleast vs 2005 – you can still use 1.1 as your application base even if you have .net 2.0 installed – just select it from the solution properties.
There are addins to allow a 1.1 build in 2005, but I need to share with other 2003 developers, I can’t just update it to 2.0, or update it to 2005 structure just yet. When installing VS2003 on Vista ultimate, it complained that frontpage extensions were needed, and as they don’t exist, install couldn’t proceed (we develop primarily asp.net web apps).
So, back to the question, does anyone have VS2003 installed and running on 2008 WS? I have having to have a VM for each of my 7 daily tasks!