You cannot install 2.0 (or anythign, but 4.0 or 4.5) during the create operation, but you can change it after creating the project using the project properties. This is true for VS express Web and VS express desktop (others have not tried). 
You will need to update your links to meet their respective goals. You must also use various instructions, such as System.Linq and System.Threading. Tasks must be deleted.
Obv MS is pushing 4.0 and 4.5 in its products, but support for old stuff is still grateful.
Chris DaMour
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