Thanks for the response, and the link to that article. It seems as most, if not all, the problems discussed relate to creating web projects. Since I am not going to be doing that, but only creating console applications to run on my own computer, it seems as if I might be ok.
I don't run it from a shortcut, but usually from clicking on a *.vprocj file or *.sln file -- either of which open up VS 2003 on that particular project.
I'll try to live with it -- if push comes to shove, I can always install it in the XP Mode virtual window, but would prefer running it in Windows 7 directly.
I'll mark this thread as solved, thanks to your help and info.