>>>>>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).
>
>That's exactly where I was clicking. But I only see Propeties Pages, not Properties. The bottom option in the right-click menu.

What version of Visual Studio? Try clicking on the project then selecting Project from the top menu. Is there a "MyProject Properties" where "MyProject" is set to whatever the project name is?