There is an issue with PostSharp 1.5 and 2.0 that won’t let you install it on the Windows 7 machine with the error message “.NET Framework 2.0 is not present on this computer”.
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To work around the issue you have to run the installer while being logged in with Administrator account. Not Admin group and not “run as Administrator”, you have to be logged in with the Administrator account. Hope that helps, if someone has the same issue.