The Microsoft .NET Compact Framework 2.0 SP1 Redistributable contains the common language runtime and class libraries built for the .NET Compact Framework. In addition to supporting version 2.0, it also supports applications developed for version 1.0 and service pack releases before version 2.0.
Important: This redistributable enables running .NET Compact Framework applications on the Pocket PC, Pocket PC Phone Edition, Smartphone, and other Windows CE powered devices. To develop .NET Compact Framework applications, Microsoft Visual Studio 2005 or the Microsoft .NET Framework 2.0 SDK are required.
This package uses ActiveSync 4.0 and up to update the device, see the Windows Mobile Center for more information. Be sure to dock your device first before running NETCFSetupv2.msi. If your device is not docked, ActiveSync will store the CAB file until the time when you dock your device. Those not using ActiveSync can run the CAB files which match the device found in the install folder directly on the device.
Download: .NET Compact Framework 2.0 SP1 Redistributable | 37MB (Freeware)
News source: Microsoft