Besides the obvious things in the solution file, only the project files have files
<Project ToolsVersion="4.0" ....>
which is set to 3.5 in VS2008, and
<ProductVersion>9.0.30729</ProductVersion>
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which does not change when converting a project from VS2008 to VS2010 (well, not at the moment) and
<Import Project="$(MSBuildExtensionsPath32)\Microsoft\VisualStudio\v10.0\WebApplications\Microsoft.WebApplication.targets" />
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which imports web application extension targets (this is installed on v9.0 in VS2008 and only in a web application project).
In any case, I would not worry too much about which VS edition to use, in addition to the lack of integrated source control and the lack of add-ons in the express version, it will be almost anything bigger brothers.
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