"Could not load file or assembly System.Drawing or one of its dependencies" error on .Net 2.0, VS2010 and Windows 8

This is a bug. I have seen it too. It happens because your .resx file is pointing to 4.0.0.0 version of System.Drawing where one does not exist. To overcome this problem i usually edit the .resx in notepad to change 4.0.0.0 to 2.0.0.0. The bug is introduced by following the exact steps that you have outlined.

I've found a possible solution, please try this:

Open the resx File in the Designer and set the accessmodifier from public to no code generation.

Edit: there's a workaround, but very annoying though.

1. Open Form in Designer and make needed GUI changes. Close designer and save
2. Compile project and receive RESX compile error (only forms with Imagelist should have this problem)
3. Double-click resx compile error to open resx file.
4. Scroll to top of imagestream.
5. Edit the top line of the Image stream: AAEAAAD/////AQAAAAAAAAAMAgAAAFdTeXN0ZW0uV2luZG93cy5Gb3JtcywgVmVyc2lvbj00LjAuMC4w TO AAEAAAD/////AQAAAAAAAAAMAgAAAFdTeXN0ZW0uV2luZG93cy5Gb3JtcywgVmVyc2lvbj0yLjAuMC4w
6. Close and save resx file and recompile.

**NOTE: the only difference are the characters at end "j00LjAuMC4w' to "j0yLjAuMC4w" This needs to be done EVERY TIME you open the form in Designer mode.

Microsoft says they are going to fix it in the next VS version...

Source: http://connect.microsoft.com/VisualStudio/feedback/details/532584/error-when-compiling-resx-file-seems-related-to-beta2-bug-5252020

This problem can occur if .net 4.5 preview resgen is used to create the resource files.

I have the same problem on my laptop(Windows 7, VS2010 Premium, VS11 Developer Preview). I got this problem with a simple forms project when i say 'localizable=true' on a form. In my case are no image data involved. The project is set to .net 3.5

private void InitializeComponent()
{
    System.ComponentModel.ComponentResourceManager resources = new System.ComponentModel.ComponentResourceManager(typeof(Form1));
    this.SuspendLayout();
    // 
    // Form1
    // 
    resources.ApplyResources(this, "$this"); //exception Could not load file or assembly 'System.Drawing, Version=4.0.0.0, 

If i then copy this project to another machine(Windows 7, VS2010 Premium) and try to debug it, the error remains. The error goes away if i clean the solution(not the project)(or delete bin/obj by hand) If i then copy this solution back to the my laptop, the error is gone, but i cant see the form again in design view 'Error message: at System.ComponentModel.Design.Serialization.CodeDomDesignerLoader.EnsureDocument(IDesignerSerializationManager manager)'

The reason for all this seems to be the .net version in the *.Designer.cs files.

1. Runtime Version: 4.0.30319.239 on the computer where it works,
2. Runtime Version: 4.0.30319.17020 on the laptop where i get the exception.

Can anyone tell me where i can configure which resgen version is used when dealing with .net 3.5 projects?