Hi,
I totally appreciate your prompt and useful inputs, however the problem was not with Tracker.exe (infact there is NO TRACKER.EXE that is being shipped with VS 2008) but it turned out that VisualBuld by default was using MSBUILD.EXE in .net framework v4.0 which LOOKS FOR TRACKER.EXE for incremental compilation.
The simplest solution that I figured out was to OVERRIDE MSBUILD.EXE with .net framework v3.5 and wallah...it all worked great..
I just wanted to share the closure on this issue so if someone else is facing the same issue, this solution could help em.
Thanks again for the wonderful work and keep up the good work!
VisualBUild is much appreciated in my part of the world.
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