VS .NET SUTDIO install CONFIG

I am trying to create a new website project in Visual Studio 2005, the website is an IIS website (ie. http://localhost/website1) and i get the following error message;

Configuring website to ASP.NET 2.0 failed. You may need to manually configure this site for ASP.NET 2.0 in order for your site to run correctly.

then when i try to debug the project i get the following error;

Unable to start debugging on the web server. The server does not support debugging of ASP.net or ATL server applications.

Are ASP.NET 2.0 isapis are configured in IIS?

If not please configure by running aspnet_regiis -i from asp.net 2.0 framework directory! I am guessing 2.0 isapis are not attached in IIS. Probably that's why you got that error!

aspnet_regiis is in the folder commonly: C:\WINDOWS\Microsoft.NET\Framework\v2.0.50727