One of the things that I like about Visual Studio 2005 is how simple things
are getting.  Take creating a template project or template item for reuse
across your project or .   No longer is there the black magic of
knowing where to put files, the format of them and editing XML files like you
had to do in 2003.   It is now as easy as selecting Export Template
from the file menu and following the steps outlined in the wizard.  What
could be simpler?

describes in detail how to create tempalte projects and
items.   It also details how to exented the wizard that is run after a
template is selected.