Hmm... that should work. Here's example script -
<Project DefaultTargets="T"
xmlns="http://schemas.microsoft.com/developer/msbuild/2003">
<PropertyGroup>
<DevEnvDir>$(VS80COMNTOOLS)..\IDE</DevEnvDir>
</PropertyGroup>
<Target Name="T">
<Message Text=" $(VS80COMNTOOLS) "/>
<Message Text=" $(DevEnvDir) "/>
</Target>
</Project>
Here's the output
Target T:
C:\Program Files\Microsoft Visual Studio 8\Common7\Tools\
C:\Program Files\Microsoft Visual Studio 8\Common7\Tools\..\IDE
Build succeeded.
0 Warning(s)
0 Error(s)
Time Elapsed 00:00:00.04