Has anyone gotten IIS running on Windows 7?

I installed it last night, but it did not appear to have created the necessary user/group accounts to allow access.
I added my junk folder to it. That's the folder containing images I post here.
Sure enough, it is not accessible via the web.

The IIS.msc has changed considerably. There is no simple properties menu item. I'm still looking for where the anonymous IIS account is specified for a given web site.