When creating a django project in VS 2012 Shell + PTVS 2.0 alpha, you get a warning message about ASP.NET 4.0. See attached screenshot.
This is on Windows 8, VS 2012 Shell
Machine also has VS 2010 Pro. It has the Azure Tools for VS 2010, but not for VS 2012 (they don't do anything for the integrated shell anyway).