After using Visual Studio 2003 for the past forever I upgraded to Visual Studio 2005 today. I'm really liking it and hope to write up a small review later.
Upon converting my 2003 project to the new format, a process that went smoothly, I compiled and tried to run the code, but kept getting a The binding handle is invalid error. If you're getting this it's because you disabled the Terminal Services service. The development team relied heavily upon the process API that TS provides, so it's quite important to enable it.
Working smoothly now.