Jeff Saurik  talks about Anakrino release 10 and it working with .NET v1.1. I can say it sure works with v1.1; that's not the problem, as I ran it for a long time on my WinXP box with both VS.NET 2002 and the Everett betas and RCs without a hitch.
What does happen is that in my experience, it will always crash on Windows Server 2003. I've never managed to run it here, fwiw.
Update: for what it's worth, exemplar still works when run from the command line directly. No nice GUI, but it's better than nothing :)
 Great all-around guy; met him a couple years back at a Microsoft