You don't HAVE to use VB Net 2003 as a compiler. I use MS Visual C++ 6.0.
I swore someone posted some links to free compilers somewhere as well. Do some searching for "compiler" and you might find it.
Edit: Also, the release version (0.5.0) is in compiled binaries and available on the main page. If you're looking to play with the current version, just download it and unzip. You only need to compile if you're playing with developer versions from the CVS.
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