I have tried converting many projects from vb.net 2005 to vb.net 2008, and not a single one has ever made it. Why do you think they even bothered to include this tool if it is very clearly broken? I mean, it can convert some code okay, but I can never load Design view properly, and it’ll almost never compile without error.
Whats the point in putting in a broken tool? I thought Microsoft products were always backwards-compatible? Do they have any requirements before running the wizard?
Generally projects won’t compile because the compiler/language/environment has changed, not because there’s anything wrong with the project files.
I typically use vspc to convert project files, but I’m usually converting them from vs2008 to vs2003, which Visual Studio cannot do.