"aspnet_wp.exe could not be launched because the username and/or password supplied in the processModel section of the config file are invalid.
aspnet_wp.exe could not be started. HRESULT for the failure: 80004005"...
If you get this error, this link might shed some light on the issue,
http://support.microsoft.com/default.aspx?scid=kb;en-us;315158
In my case, it was much simpler issue, my ASPNET account (Win 2K Server) was locked out ! (dont have a clue how that happened !!)
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