I am trying to open an IIS project located on a remote development server with Visual Studio 2012. With prior versions of Visual Studio when you wanted to open a project you would indicate whether you were looking in the file system or on a an IIS server in getting the browsing window to select the project to open. While you didn't have a choice of IIS Express to use on your local machine this made it easy for several people to work on the same project.
From http://msdn.microsoft.com/en-us/library/h17hytcs(v=vs.90).aspx
Creating or Opening Remote IIS Web Sites
If you have a set of ASP.NET Web site files in a folder already, you can open a Web site
and specify the folder as the location. Visual Web Developer allows you
to work with the folder as if you had created the Web site in Visual Web Developer.
In Visual Studio 2012 when I click open project I get a Windows Explorer window of the local file system; nothing to indicate whether you wanted to open an IIS project nothing to indicate whether you wanted to use localhost or a different server. It should be fairly straightfoward. However everything I've found on the web has to do with folks who are already connected to their project on the remote server enabling debugging. These would be beneficial once I connect to the project but I can't get that far.