Is there a way I can I open a VS.NET 2003 project in VS.NET 2002?

Can I save a project created in Visual Studio .NET 2003, such that it can be opened in the older 2002 version?
It's rather annoying that Microsoft broke the project and solution file formats between versions. Fortunately, Stoyan Damov got frustrated enough to write a nice little converter. You can download it here.

This was first published in July 2003