This product requires ASP.NET v2.0I’m currently performing a migration process and during the Moss installation the following error message is presented:

“This product requires ASP.NET v2.0 to be set to ‘Allow’ in the list of Internet Information Services (IIS) Web Server Extensions. If it is not available in the list, re-install ASP.NET v2.0.”

But on my machine Visual Studio 2005 and .NET2 are installed, so that’s a bit strange. Checking out the IIS extensions panel is indeed not showing the v2.0 version.

To solve the issue open your command prompt en navigate to:
where nnnnn is the least significant version number of ASP.NET 2.0.

Now run the following command at the command prompt:
“aspnet_regiis.exe -iru -enable”
and the issue should be fixed.

Source: Office online – Windows SharePoint Services 2.0 IT Documentation