problems from get go in ASP.NET 2.0

[sacred_warrior]

I created a website, used the option of local iis, created a virtual
directory and used the personel web site starter template. Didn't change one
line of code. Used ctrl+F5 to run the application boom it has an error:
Server Error in '/testASPv2' Application.
----------------------------------------------------------------------------
----

Failed to map the path '/testASPv2/App_GlobalResources'.
Description: An unhandled exception occurred during the execution of the
current web request. Please review the stack trace for more information
about the error and where it originated in the code.

Exception Details: System.InvalidOperationException: Failed to map the path
'/testASPv2/App_GlobalResources'.

Source Error:
An unhandled exception was generated during the execution of the
current web request. Information regarding the origin and location of the
exception can be identified using the exception stack trace below.
Stack Trace:
[InvalidOperationException: Failed to map the path
'/testASPv2/App_GlobalResources'.]
System.Web.Hosting.HostingEnvironment.MapPathActua l(String virtualPath,
Boolean permitNull) +3516225
System.Web.Hosting.HostingEnvironment.MapPathInter nal(String virtualPath)
+43
System.Web.Hosting.HostingEnvironment.MapPath(Stri ng virtualPath) +55

System.Web.Compilation.CodeDirectoryCompiler.GetCo deDirectoryAssembly(String
virtualDir, CodeDirectoryType dirType, String assemblyName, StringSet
excludedSubdirectories, Boolean isDirectoryAllowed) +45
System.Web.Compilation.BuildManager.CompileCodeDir ectory(String
virtualDir, CodeDirectoryType dirType, String assemblyName, StringSet
excludedSubdirectories) +110
System.Web.Compilation.BuildManager.EnsureTopLevel FilesCompiled() +577
System.Web.Hosting.HostingEnvironment.Initialize(A pplicationManager
appManager, IApplicationHost appHost, IConfigMapPathFactory
configMapPathFactory, HostingEnvironmentParameters hostingParameters) +445

[HttpException (0x80004005): Failed to map the path
'/testASPv2/App_GlobalResources'.]
System.Web.HttpRuntime.FirstRequestInit(HttpContex t context) +3427543
System.Web.HttpRuntime.EnsureFirstRequestInit(Http Context context) +85
System.Web.HttpRuntime.ProcessRequestInternal(Http WorkerRequest wr) +147

----------------------------------------------------------------------------
----

Version Information: Microsoft .NET Framework Version:2.0.50215.44; ASP.NET
Version:2.0.50215.44
can somebody help me with this issue. I have posted messages on codeproject
and asp.net forums but looks like no body has a clue. This fucking
sucks!!!!!

and one more thing whenever i use the local path to create a website and run
in VS2005 it works fine. and where does VS2005 stores all the databse
seetings if you choose to use the login and register controls!!!

Hopefully somebody can answer this one!!!

Thanks guys.