On page 78 Tryout #5.
"so position your cursor anywhere within the Hyperlink’s definition and then cast your eye over to the Properties pane on the right."

When I did above (apparently in source view mode), the properties pane shows nothing. But when I switched to Design view mode, then properties pane shows HyperLink property.

I am only on chapter 3, but I already found simillar problem with other tags such as <div> .

Am I missing something here??

I use most recent VWD with service pack.

I just had exactly the same problem.
I am using VS Studio 2005 Pro with SP1. For some extremely odd reason I had to navigate to TOOLS -> OPTIONS -> HTML -> MISCELLANEOUS and tick "Enable property grid in Source view".

Then it worked, maybe can help in your situation as well.

Regards
/Ronny