Yes, but you'll be minus the ability to create Web Applications or Web
Services unless you have a secondary machine that has IIS installed (to act
as remote web server for those apps), as WinXP Home does not include IIS.  
I'm not sure about this, but I think that Web Matrix may allow you to use
ASPNET technology without IIS... you may want to investigate this as an
alternative.

HTH,

Alden Raymundo
Microsoft Corporation

This posting is provided “AS IS” with no warranties, and confers no rights.