Here is my environment
Windows7, Visual Studio 2010, MVC2.0 and NET4
My default web site is configured to use ASP.NET v4.0 application pool.
Here is an easy way to reproduce my problem
Create a new MVC2 application
Open the properties Window
Go to the Web tab
Check "Use IIS Local Web Server"
Click on "Create Virtual Directory" button
I get this error message
To access local IIS Web Sites, you must install the following IIS components:
In addition, you must run visual Studio in the context of an Administrator account
For more information, press F1
Notice the blank line after "...the following IIS components:"
I am running VS2010 as administrator
Pressing F1 does not bring any help