ASP.NET Visual Studio Project Types

(thru 2008)
" Visual Studio supports two modes of project management: Web Site Projects and Web Application Projects. Web Site Projects lack a project file, whereas Web Application Projects mimic the project architecture in Visual Studio .NET 2002/2003 - they include a project file and compile the project's source code into a single assembly, which is placed in the /bin folder. Visual Studio 2005 initially only supported Web Site Projects, although the Web Application Project model was reintroduced with Service Pack 1; Visual Studio 2008 offers both project models. "
- Scott Mitchell


Useful, related links:
Converting a Web Site Project to a Web Application Project
Web Application Projects versus Web Site Projects
ASP.NET Web Application Project Deployment Overview