Not with VS setup&deployment projects. What you're looking for is the
ability to specify features, but VS just has one feature. Other tools here:
http://www.installsite.org/pages/en/msi/authoring.htm

Signature
Phil Wilson
[MVP Windows Installer]
Definitive Guide to Windows Installer
http://apress.com/book/bookDisplay.html?bID=280
> I haven't been able to find anything on how to create a setup project that
> lets the user specify which tools he wants to install.
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>
> /Morten