We recently published a fix for the following problem:

You create a deployment project for a web application in Visual Studio 2010, set the deployment property RestartWWWService=false and deploy to a Windows 2003 server.

In this situation the w3wp.exe process will still be recycled even though the RestartWWWService is set to false.

The fix is available at http://connect.microsoft.com/VisualStudio/Downloads/DownloadDetails.aspx?DownloadID=32285 and should only be installed on development machines if you experience this problem. 

Have a good one,