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Note: view the updated entry below:
http://www.codeasp.net/blogs/vivek_iit/microsoft.net/145/a-project-cannot-be-shared-under-a-descendant
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I was literally pulling my hair over a simple VSS 2005 issue: how to branch/share a project?
The official documentation is too poor, does not even remotely come close to explaining the wierd error I was getting:
"A project cannot be shared under a descendant".
Only after googling I got hold of a nice blog entry which fixed the issue:
http://blogs.vertigosoftware.com/ericc/archive/2005/12/05/1716.aspx
I hope this helps others too...btw I have decided to switch to Surround SCM !