No problem with that when added as Web reference to VB.Net/C# project and consumed from there. Also at Microsoft Web site
"The Microsoft SOAP Toolkit is deprecated by the .NET Framework. The toolkit provides basic Web services capabilities for COM components and applications. SOAP Toolkit support has been extended from the originally posted July 1, 2004 deadline. Mainstream SOAP Toolkit support will now be retired in March 31, 2005 with extended support lasting until March 31, 2008."

which probably means that it is not going to work with Axis/Java Web Service , if it doesn't work now.