Unable to start program http://localhost an issue with ie8 and VS2005/2008

I was getting this error when I tried to debug the web application from visual studio. This worked good with ie7 and got error after upgraded to ie8. Since, we do not have adminstrator permissions on our working computers, I was not sure about the solution that were found in the internet.

Finally I forwarded below one to our support team and they said it works.

Modify the registry as described in the second link above.

1.Open RegEdit

2.Browse to HKEY_LOCAL_MACHINE -> SOFTWARE -> Microsoft -> Internet Explorer -> Main

3.Add a DWORD value called TabProcGrowth with a value of 0

Good luck for all those who are like me searching for the solution to this issue.