I assume we must be missing a trick as we are finding using IIS Express with teams quite painful.
The issue is IIS Express' applicationhost.config is stored locally in each persons MyDocuments folder, and thus separate to the Visual Studio solution and not in source control.
So when we make a change everyone has to manually update applicationhost.config on their machine.
THe update visual studio does to the applicationhost.config file fails, because we are not using localhost, we have host entries to give our environments different names.
Is there a better way?