Virtual Server 2005 R2 on Windows 7

 
 
See — specifically entry on Saturday, May 23, 2009 3:25 PM
I think if you enable only the "Turn off Application Compatibility Engine". That is what I did.
 
Also – although some of the direction is mis-leading
To get to the IIS settings go to – Windows Key – Turn Windows features on or off
 
 

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