Finally got time to put some work into my .Net 2.0 based milestone, and Application Settings works wonderfully. Basically 5 lines of code, and I had the app able to save and restore to the preferences file. Ended up being much easier then I thought, and you can even throw it an array and it knows how to deal with it properly on the XML side.

Just need to throw in some sanity checking on the preferences and it should be good to go, with very little code bloat on my side.