Yes, it works.

We will continue to ship two assemblies: bin\net1.1\Aspose.Words.dll and bin\net2.0\Aspose.Words.dll built for .NET 1.1 and .NET 2.0 respectively.

bin\net2.0\Aspose.Words.dll is to be used with:

• Visual Studio 2005
• Visual Studio 2008
• .NET Framework 2.0 (with or without SP1)
• .NET Framework 3.0 (with or without SP1)
• .NET Framework 3.5
• x86 or x64 application

bin\net2.0\Aspose.Words.dll will continue to target .NET Framework 2.0 because it does not use any .NET 3.0 or 3.5 features. A good MSDN article .NET Framework 3.5 Archiecture has more info about this.

bin\net1.1\Aspose.Words.dll is to be used with:

• Visual Studio 2003
• Visual Studio 2002
• .NET Framework 1.1 (with or without SP)
• .NET Framework 1.0 (you need to create a configuration file as shown in the Aspose.Words documentation)