Soon I will be in a similar scenario and studied this issue in advance, since I heard about this issue on blogs. Apparently, you can still develop up to 32 bits and then move it to a 64-bit server.
It seems that the problem is really in the Sharepoint extensions ... so if you don't use them (like SharePoint 2007 Sequential Workflow or SharePoint 2007 State Machine Workflow) and just create a workflow project, it seems to be the best success for some . (look in the comments to the publication)
Here's a bug tracked in Microsoft Connect , some members of the VS team provided a “job,” which I basically mentioned for the first time.
The bottom line is Microsoft’s tiny processing, given that it’s their “Showpiece” and they are pushing people towards a 64-bit platform. In two weeks I should feel it, if I come up with something else, I will send it back. Good luck
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