>In case no one has reported this yet, when you open a new Web project using the MM.NET Web Forms Template, the path to the Web site is disabled. The path in the Open dialog is that of the last Web site opened and Visual Studio will not allow you to change it. The workaround is to select another non-MM.NET template and enter the path information, then select the MM.NET Web Forms template and click OK on the dialog.

OK, that happens when you have "Save new projects when created" unchecked in Options.