You'll need to install a hot fix first ... once you sign in using your Windows Live account, (and possibly updating your profile like I had to), you'll run the install.

Don't bother with the File Transfer Manager. It's definitely overkill for this 1.17MB file. Just click the Download link I've highlighted (it took 10-15 seconds before the standard download dialog appeared).

It unfortunately defaults to unpacking files in the root directory of your primary drive so be sure to put it somewhere else (or remember to delete the files when you're done):

It unpacks the hotfix file into the directory you specified:

VS90-KB944899.exe

Run that.

Wait for it. Wait for it. Wait!

It took my machine about 5 minutes to run the patch for some reason.

I don't understand how a 1.17 MB patch could take so long ...?

Then you can follow the instructions on Shawn Burke's blog to finish.

The only problem I encountered was that until I stepped into the framework code once, I wasn't able to just double-click on a call stack entry to view the source. VS would prompt me for the location for the source. Once I did stepped in, accepted the EULA, it worked like a charm!