I went to MS to d/l MSVC++.NET2003. MS indicates MSVC++2005 Express Edition replaces it. Have you found this to be true.
I installed MSVC++2005 Express Edition and tried following your setup instructions above. I get to the Application setup but the dll box is grayed out.
If you could provide any assistance, I would appreciate.
Your Gators are hanging (2-1).