With the new IIS 7 integrated configuration model, you may want to use the add-in URL rewriting

Unfortunately, Visual Studio intellisense does not natively understand the rewrite tags...
So you need to update the schema.. See http://ruslany.net/2009/08/visual-studio-xml-intellisense-for-url-rewrite-1-1

To install this schema, you will need to execute a C# Script "cscript UpdateSchemaCache.js",

On my windows 7 , I was not able to run that script, and received the error: There is no script engine for file extension "js"

The solution is here:
http://www.winhelponline.com/articles/230/1/Error-There-is-no-script-engine-for-file-extension-when-running-js-files.html

You need to register the jscript.dll and apply and patch...

Enjoy :-)