Finally! Someone posted some info on how to do this the easy way. Ok, well it actually isn’t that easy but at least there is a step-by-step guide here.
If you haven’t noticed, almost every one of Microsoft’s business products requires it’s own server, a SQL 2005 database, and someone with enough time to figure out the initial deployment in a test lab, delete the pilot deployment and then try again. Here are some very handy links for Microsoft Forefront: