Why are ASP.NET 2.0 Projects so different from regular projects...

I am working on a portal project with ASP.NET 2.0 and I am loving it.  Lots of stuff is in the box that I need.  The project is using VB.NET so I wanted to make sure that everything was Option Explcit On and Option Strict On…but since it is a Web Application, the normal property pages are nowhere to be found (unless I am missing it).  If I create any other project type (I think), I can look at the project property pages and see the Compile tab:

Why are web apps treated so differently these days?  Can anyone explain how I missed this?