My IDE is broken, and I can't debug up

Ok, ok...just might be the corniest title ever. It got your attention, though, didn't it?

I moved a VS2003 NETCF application I am working on from one machine to another. The old machine would work perfectly. The new machine, however, does some strange things when I attempt to debug the code:

If I run in emulator mode, the emulator fires up and the code runs....but it never enters the code in the project. I know this because it never hits the breakpoints I've set. Hard to debug this way, wot?

So, I hooked up my PDA, and made sure it synchs. All good. When I run the code to debug, it builds fine, then sits there for ages attempting to connect. Finally, it times out and returns an error that it

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