I have built a small server in my home using Win 2008 enterprise trial edition. While configuring IIS 7 I had issues accessing static pages due to IIS 7’s new Integrated Pipeline mode. The ASPX pages were serving well but not the static pages like html css jpg files. I tried every possible options in the handler mapping section within the web.config. No use. Posted the question in forums.iis.net and got an apt reply from Leo (MSFT). Pasting that link here for your use.
if it didnt work, do let me know.