I agree that it seems like a good idea to make something yourself but, considering the number of man hours that has gone into creating and testing something like ILS, the price is very good. Anything you create yourself would take you much more than that worth of your own time to create and most likely be less robust.
Although I will be experimenting with my own version of licensing, I think ultimately I will get this when money allows me.
When starting projects, I try to do everything 100% in house, and WISH not to purchase other things. However, looking at it, this appears to be a fairly great investment.
I have made my own controls for licensing for my actual software, so licensing of controls is new to me.
Regardless, thank you for the tip. I always enjoy finding .net related products.