I use the following code to create a app pool:
var metabasePath = string.Format(@"IIS://{0}/W3SVC/AppPools", serverName);
DirectoryEntry newpool;
DirectoryEntry apppools = new DirectoryEntry(metabasePath);
newpool = apppools.Children.Add(appPoolName, "IIsApplicationPool");
newpool.CommitChanges();
How do I specify that the app pool should use .NET Framework 4.0?