I have a similar problem... Running Win2KPro SP3 + IIS5.0. Don't think it's related to IIS though... I can surf if I use my local IP address (i.e. 192.168.254.251)... But http://127.0.0.1 or http://localhost => No go. NOTE: I can ping 127.0.0.1 OR localhost.
I do have the sygate firewall...
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