>>>How can I verify the version I'm running and make sure I have the latest?
>>
>>Right-click on each of your projects and select "Properties". Click on the Application tab. The "Target Framework" should be .NET Framework 2.0.
>>
>
>Where exactly should I right-click? In Solution Explorer I only see Property Pages and there is no dialog you're describing.
>

There should be a top-level icon in the tree for the solution. Under that level is the project-level icons (one per project). Right-click on the project icon (not on the solution).