Hi,

512MB sounds a little on the "small" side to me. However I am not a
Virtual PC expert. In my place, we use VMWare with good results, but it
costs.

That there is a longer delay when you recompile the project is normal,
because .NET doesn't create binaries, but IL (intermediate language),
which will be JIT-ed (Compiled Just-In-Time) when the first call occurs.
 But 3 to 4 minutes sounds quite bad. How much do you get when you run
it on a non-virtual installation?

Do you have a way to use ASP.NET 2.0 instead of 1.1? That would imply
using VS2005 (or VS2008, still in Beta but really in a good shape)
instead of VS2003.

Finally, the "good old times" anecdotes: When I started developing (in
1996), I was working on embedded systems and writing code in C, and
there was no differential compilation, so the whole system had to build
every time. A compilation took 8 minutes. During these 8 minutes, it was
pretty much impossible to do anything else on the PC. Let me tell you, I
was compiling much less often than now :-)

Then I got a new computer and the compilation time dropped to 3 minutes.
It did feel really great :-)

Greetings,
Laurent