Web Site or Web Application

When you start building a web appication with Visual Studio you must decide which type you use:
- a web application project
- a web site project (introduced in VS2005)

Some links with information about this discussion
- ASP.NET Resources - Web Site vs Web Application Project (WAP)
- ASP.NET Web Site Layout
- asp.net Web Site versus Web Application Project
- ASP.NET Website vs Web Application project
- Understanding Page Inheritance in ASP.NET 2.0 - Rick Strahl's Web Log
- Web Site or Web Application - Blog
- Website versus Web Application - Durban, South Africa

But the conclusion of most of these sites is: decide it by yourself!