Maybe you had installed Visual Studio 2005 and VWD 2005 Express and then you uninstalled one of the two and a couple string values got deleted in the registry. Try the following to see if it works for you:
Click START then RUN then type REGEDIT and Enter.
- Go to this location on the registry: [HKEY_LOCAL_MACHINE\SOFTWARE\Microsoft\MSEnvCommunityContent\ContentTypes\VSTemplate]
- On the right side of the screen right click --> New --> String Value and add the following two string values
Value Name = "ClassName" Value Data = "VSContentInstaller.VSTemplateInstallerPage"
Value Name= "DisplayName" Value Data = "#VSTemplateContentDisplayName"
Close the registry and try again!... hope it helps.