Cross .NET Framework referencing

I found this interesting thread on Mike Taulty's web log - thought I'd quote it here as could be useful to a lot of people considering to move to the .NET Framework 2.0

This question

http://blogs.msdn.com/junfeng/archive/2004/07/14/181938.aspx about whether a
.NET Framework 1.1 application can host a .NET Framework V2.0 assembly (and vice
versa) is going to get asked a lot as we head towards the .NET Framework 2.0
release.

 

[Mike Taulty's Weblog]