To clarify...
DotNetNuke 3.2 is intended for development in VS 2003. It will run on either ASP.Net 1.1 or 2.0.
DotNetNuke 4.0 is intended for development in VS 2005. It requires ASP.Net 2.0 to run.
Cheers
Scott Willhite
It is only with the heart that one can see rightly... what is essential is invisible to the eye.
~ Antoine de Saint-Exupéry