Any dot net IDE should install (and work) on anything later than win 95 (non-inclusive).
However, if it were down to me I would choose Professional over home.
You shouldn't have any problems on Windows 2000 or later. Some people have reported problems on NT4SP6 when trying to create projects dependent on IIS.
I doubt that Visual Studio will install on any of the Windows 9x products, and I wouldn't even try, myself.
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