>Been talking to a Ruby-On-Rails developer and it has a tool which can look at a WebSite and check Security, Vulnerabilites etc.
>Anybody know if similar tool that can check a web site developed for Asp.Net
If you're talking about vulnerability to external attackers, there are various tools such as Metasploit:
http://en.wikipedia.org/wiki/Metasploit_ProjectWhile using such tools to test your own sites is fully legitimate, be warned that using them against other sites without permission is considered an "act of war" and can lead to harsh penalties.
Regards. Al
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