VB Migration Partner can generate VB2005, VB2008 or VB2010. You select that target Visual Studio version by setting the corresponding option in the Save tab of the Tools-Options dialog box.

If using the VBMP.EXE batch version of the migration tool, you specify that you want to generate VB2010 code by means of the /version option, as in:

        VBMP c:\foo.vbp  /version:2010

The /version option can take four values: 2005, 2008, 2010 and 2012_40 (The last setting refers to VS2010 projects that target the .NET Framework 4.0.).

The /version option is supported also by the AxWrapperGen:

        AxWrapperGen c:\windows\system32\mscal.ocx  /version:2010