Developers use what is called an IDE to write and compile code - Visual Studio is an IDE. It allows for templates to be used so that Developers can create their own applications using that template as a base line start.
What this template does is allow any (aspiring) PS3 Homebrew Developer to use it as a base line for any Homebrew game or application they wish to make. Basically, if you're not a developer or don't know how to code then this isn't for you.
On my Win7 x64 this required additional DLL's - mscvp100d.dll and mscvr100d.dll.
Thanks very much for the wonderful help... Hey I like this forum... Even though I am a new to this playstation I am enjoying your forum... I have refused to update my game to 3.7 because I want a jailbreak for 3.61 let me know if there is any...
My country Ghana lacks in even Game disc so I cant buy any if I have the money to thanks... And the person who bought the game for me always lies to me that a game disc cost 100 dollars in us and I have only South Africa 2010 and Nascar 2011 which I find it boring.
There's a whole load of topics covering how (at the moment) 3.6 and above can't be jailbroken. BUT they can be downgraded to a Firmware which can be Jailbroken HOWEVER it is a somewhat complicated process and one which newbies shouldn't attempt or anyone whose not comfortable/confident with messing around with the internals of their PS3.
Like I say that's a totally separate topic though.
Back on track... The Application provided seems to either be hard-coded to use "Program Files" rather than using %PROGRAMFILES% or doesn't like VS2008 Pro
I'll try it in a VM with Win7 x86 instead of x64...