ASP.NET 2.0 app in IIS 7 not loading from remote machine.

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IIS7

IIS

ASP.NET2

Hi
I'm struggling to get ASP.NET 2.0 application up in IIS 7 (Windows 2008 Server R2). The problem is that, the application is coming up fine when I run it in the browser from within the server (where it is deployed) by doing RDC. But gives "HTTP 404 Not Found" when I run it from a browser from another machine.

I checked below configurations in IIS, but still the application is not coming up in the browser in another machine:
1. The AppPool is set to "ASP.NET v2.0 Classic"
2. 32 bit "ASP.NET v2.0.50727" is allowed in "ISAPI and CGI Restrictions".
3. The default document is properly set.
4. Anonymous, Windows and ASP.NET Impersonation is enabled in the "Authentication" section.
5. Added this "<httpHandlers>" section in application Web.config.

<httpHandlers>
       <remove verb="*" path="*.asmx"/>
       <add verb="*" path="*.asmx" validate="false" type="System.Web.Script.Services.ScriptHandlerFactory, System.Web.Extensions, Version=3.5.0.0, Culture=neutral, PublicKeyToken=31BF3856AD364E35"/>
       <add verb="*" path="*_AppService.axd" validate="false" type="System.Web.Script.Services.ScriptHandlerFactory, System.Web.Extensions, Version=3.5.0.0, Culture=neutral, PublicKeyToken=31BF3856AD364E35"/>
       <add verb="GET,HEAD" path="ScriptResource.axd" type="System.Web.Handlers.ScriptResourceHandler, System.Web.Extensions, Version=3.5.0.0, Culture=neutral, PublicKeyToken=31BF3856AD364E35" validate="false"/>
   </httpHandlers>

Please someone show me direction and help me fix this.
Thanks a lot in advance.

Kamal