After reinstalling Visual Studio 2003... I launch it and it closes immediately after the dialogue preparing to install.
What could be the problem.. I can not launch Visual studio 2003.
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Upgrade to Visual Studio 2010.
Update: Sorry, was just trying to make a little joke. VS 2003 is over 7 years old at this point. I seriously think it's about time to consider upgrading to a newer IDE. Both VS 2008 and VS 2010 support multi-targeting which will allow you to code against .NET 2.0, 3.0, 3.5 and 4 (in VS 2010).