There’s a very interesting review of .NET licensing systems at VB.NET Forums: a full review of Desaware Licensing System and a partial review of Xheo Licensing. I can’t say that I haven’t had similar experiences in the past. If you are considering the purchase of a licensing system for .NET, you definitely owe it to yourself to check out this review.
Reviews of Desaware and Xheo Licensing Systems for .NET
Aug 12th, 2004 | Software

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You may also wish to view the leader in this are Nalpeiron, http://www.nalpeiron.com as they also offer a free obfuscator (www.nalpeiron.com/obfuscator/ ) for .NET along with their licensing service!
Jon
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