Okay wabash10, I did a search and I don't think you should delete it. Its a Microsoft file and it helps you computer run certain programs:

http://www.microsoft.com/downloads/details.aspx?FamilyID=0856EACB-4362-4B0D-8EDD-AAB15C5E04F5&displaylang=en


Quote:

The Microsoft .NET Framework version 2.0 redistributable package installs the .NET Framework runtime and associated files required to run applications developed to target the .NET Framework v2.0. The .NET Framework version 2.0 improves scalability and performance of applications with improved caching, application deployment and updating with ClickOnce, support for the broadest array of browsers and devices with ASP.NET 2.0 controls and services.