ASP.NET File Change Notifications, exactly which files and directories are monitored?

Perhaps one of the most loved and hated features of ASP.NET is the ability to detect file changes and automatically recompile or reconfigure the application.  In development scenarios it’s very nice because you can access the application in a browser at the same time you’re modifying ASPX, ASAX, DLL, CONFIG, and other application files, and…

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