Project Creation failed... IE7 and Visual Studio 2005 Smart Device Client

I had a problem creating Native C++ Smart Device project using Visual Studio 2005. I had no clue that IE7 could be the culprit. I had created similar projects earlier, but that was before I installed IE7.
Then I googled... as usual and came across this. I did just this and it works now...
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THIS HELPED ME:
FROM http://icodemonkey.spaces.live.com/
Project Creation failed.
After installing IE7 Beta 2 I've had a problem creating smart device projects in C++. I kept getting an error "...project creation failed". I looked everywhere but the only answer I found was "uninstall IE7". I REALLY like IE7 and didn't want to have to do that. After more searching I finally found an answer.

This involves modifying the registry so do at you own risk.
Close VS
Start RegEdit.exe
Find the following registry entry:HKEY_LOCAL_MACHINE\SOFTWARE\Microsoft\Windows\CurrentVersion\Ext\PreApproved
Add a new entry and name it {D245F352-3F45-4516-B1E6-04608DA126CC}
Close RegEdit
Start VS
Try and create a Smart Device C++ project
I didn't have the problem they mention about the platform lists not being filled out. So now I'm happy. IE7 and Native Smartdevice apps. :)
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