New Web Project Model Option Coming for VS 2005:

Finally they recognize they made a mistake and plan to provide a solution in a few weeks. How could Microsoft just assume that we don't want to build a web project into a single assembly?

"1) All code within the project will compile into a single assembly (that gets built and persisted in the \bin directory on each compile).



2) All files contained within the project are defined within a project file (as well as the assembly references and other project meta-data settings). Files under the web’s file-system root that are not defined in the project file will not be logically considered part of the web project. You will also now be able to define classes and types anywhere in the project structure (there is no longer a need to define them under app_code)."