SQL Web Administrator calls Visual Studio?

[*no spam*]

I've got Visual Studio.Net 2002, IIs, MSDE and SQL Web Administrator
running on XP Prof SP2. When I try to execute the SQL Web
Administrator (SWA), it first brings up the SWA Dialog Box. I check
IIs, click START and the Microsoft Development Environment pops up
(?!)

I can see my MSDE server in the Server Explorer window, but I can't do
things like assign or change user accounts.

Is this the way the SWA is supposed to work under XP? Or have I
Foobar'd something?