I think what he means is if you have "Word Wrap" turned off on the Format menu then you can turn on the Status Bar from the View menu. At the bottom is a listing of the current cursor position.
www.asp.net for more advanced things.
Now I use Visual Studio 2003 at home and VIM at work (backwards I know, but .NET Framework at home and Java/Tomcat/mySQL/Linux environments at work).
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