Sharp dvelop instalation is a bit confusing as there is very poor indications of what is needed to run it properly....
I have managed to get it to work by installing both redistibutable and SDKs of .Net F1, .Net F2, .Net F3, .Net CF1 and .Net CF2...
One should think that by insalling the lattest version of .Net CompactFramework, the earlier version would be covered, but NO, as bsic4ppc instalation is proof of that...Even when CF2 is present, you still must instal CF1.1 to be able to install b4ppc...