"Could not find file C:\Documents and Settings\username\Local Settings\Temp\xxxxxxx.dll"

Getting below error message when we try to create a Business Intelligence Project[SSIS]

"Could not find file C:\Documents and Settings\username\Local Settings\Temp\xxxxxxx.dll"

Issue seems to be an corruption with Dot Net framework dll.

SQL 2005 uses dotnet framework 2.0
SQL 2008 uses dotnet framework 3.5

Uninstalling and reinstalling the framework Should resolve the issue.