Question : IIS 7

In IIS 6 when you have several sites under the default site, you can assign each site an ip address by right clicking on the site and selecting properties and the Web Site tab.  Where is this option in IIS 7?

Answer : IIS 7

IIS6 didn't have the option to set bindings on Virtual directories either.

You would need to create a new website in IIS and add the binding to this one.