Debugaxp compiles without any issues from VS2005 Express out of the box. If you rename the debugaxp.dll that it generates to gamex86.dll and place it inside your mod directory, then it will functionally act the same as the release version. However the real solution is to get the release to build.
Huh? What? AXP targets the DEC Alpha processor, you can't just rename it and get it to work on an x86 unless the new VCE simply writes x86 code instead of the Alpha. It wouldn't surprise me if MS simply dropped the Alpha code and output x86 instead.