The Sitefinity 4.0 Project manager is different from the Sitefinity 3.x one. The main difference is that it is now a windows application which runs its own integrated Casini Development server. The installer does not create the telerik website in IIS anymore as it does not need to. You can see sample video how to create a website using the Sitefinity 4.0 Beta Project manager here
. When you install the SDK the project manager is created in the install directory of the SDK.
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