Here is what you ahve to do to run this little website:

1. Unzip all files in a folder on your hard drive
2. Change path to the database in connectionStrings section of Web.Config to your local path
3. Set permissions for you ASP.NET and IIS accounts to read/write on Repository folder
4. Either configure virtual folder in your local IIS or just open this website from file system in VS 2005 (Visual Web Developer Express works just fine)

Warning: You have to have MS SQL Express installed on your machine!