Q: The problem I am facing is that the IIS 7 page (with the familiar logo) does not appear by typing the usuall http://localhost at my webbrowser, instead it appears only when typing the IP address 127.0.0.1.
The error message I get is the usual "Internet Explorer cannot display the webpage", and the port I am using is (I checked it from the bindings dialog box) 80.
I checked the hosts file in system32 and localhost does map to 127.0.0.1, so what else can i do?
A: Please turn off the Internet Explorer Enhanced Security Configuration or firewall and see if it helps.

You can find additional steps for resolving this issue in this Microsoft KB article: http://support.microsoft.com/kb/926431