I would like to enable Warning as Error on our current project/solution for obvious reasons.
There are several warnings that should NOT be handled as an error, eg Ob
It is possible in VS2005 assuming you are using C#.
From http://blogs.msdn.com/kaevans/archive/2005/11/06/489681.aspx
In Visual Studio 2005, you have a couple more options to control this. Now, you have 3 options for treating warnings as errors: All, None, or Specific Warnings, where you can provide a semi-colon separated list of error numbers.
It is also possible to do it with GCC with the option -Werror=