You may see an error when installing EPiServer using EPiManager 1.3.2:
"This setup requires the .NET Framework version 2.0.50727..."
Which is fine... except that if you ONLY have .NET 2.0 installed and not .NET 1.1, then you still get the error! It seems as if EPiServer has patched their EPiManager, but it still seems problemmatic.
Easiest thing to do is probably just install the .NET 1.1 runtime. Remember to ensure the default is .NET 2.0 afterwards in IIS.