John,
If you didn't create a virtual directory and point it to WebApplication1 folder, you can also copy the CuteEditor.dll and CuteEditor.lic to your root bin folder.
"ASP.NET attempts to solve these problems by allowing components to be placed in a well-known directory, to be automatically found at run time. This well-known directory is always named /bin, and is located immediately under the root directory for the application (a virtual directory defined by Internet Information Services (IIS)). The benefit is that no registration is required to make components available to the ASP.NET Framework application -- components can be deployed by simply copying to the /bin directory or performing an FTP file transfer. "
To let ASP.NET find components, the bin folder must located immediately under the root directory for the application (a virtual directory. Otherwise ASP.NET won't find the components.
Hope it helps.
Let me know if you have any further questions.
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