I’m using Visual Studio Team System 2008 at work to do web development. I’ve gotten quite used to it but can’t really afford to purchase even VS 2008 Standard at this time.
I have never used any of the Express editions before but I was thinking about downloading VS C# Express and VS Web Developer Express.
Am I wasting my time or can I do some serious development with these tools?
You can do serious development on the express editions. They have taken out a few things most notably the plug in system. If you are use to using a bunch of plug ins you may find that not being able to use them is a deterrent.
Here is a link to a comparison of the express edition and the other editions.
http://msdn.microsoft.com/en-us/library/zcbsd3cz(VS.80).aspx