>I don't want to develop the old site anymore, but I would like to be able to open and run it in VS.NET. Will the steps below let me do that, or will I need to move project references?
>
You won't be able to open it and run it in VS.NET, if you move it manually. The only way you will be able to do that, is if you move the project like I said, and then go in and modify the project references, resx files, proj files and etc in VS.NET. It isn't too difficult though.

Morgan