What is VS 2008 Multi-Targeting
Earlier you were not able to working with .NET 1.1 applications directly in visual studio 2005. Now in Visual studio 2008 you are able to create, run, debug the .NET 2.0, .NET 3.0 and .NET 3.5 applications. You can also deploy .NET 2.0 applications in the machines which contains only .NET 2.0 not .NET 3.x.