The aspnet_compiler is only available if the .net 2.0 path is also
included even for 3.5 projects. The reason for this is mentioned
here:
http://forums.asp.net/p/1153999/1892130.aspx
I'm not sure if there is a way to add aspnet_compiler to the path
while still making sure the program calls all the other build tools in
the v3.5 folder. I assume that the order of the paths in the
environment variable makes a difference though.