<p>I've got an <code>RSA</code> private key in <code>PEM</code> format, is there a straight forward way to read that from .NET and instantiate an <code>RSACryptoServiceProvider</code> to decrypt data encrypted with the corresponding public key?</p>

You might take a look at
JavaScience's
source for
OpenSSLKey
There's code in there that does exactly what you want to do.
In fact, they have a lot of crypto source code
available here
.
Source code snippet:
```
```
//------- Parses binary ans.1 RSA private key; returns RSACryptoServiceProvider  ---
public static RSACryptoServiceProvider DecodeRSAPrivateKey(byte[] privkey)
{
        byte[] MODULUS, E, D, P, Q, DP, DQ, IQ ;

        // ---------  Set up stream to decode the asn.1 encoded RSA private key  ------
        MemoryStream  mem = new MemoryStream(privkey) ;
        BinaryReader binr = new BinaryReader(mem) ;    //wrap Memory Stream with BinaryReader for easy reading
        byte bt = 0;
        ushort twobytes = 0;
        int elems = 0;
        try {
                twobytes = binr.ReadUInt16();
                if (twobytes == 0x8130) //data read as little endian order (actual data order for Sequence is 30 81)
                        binr.ReadByte();        //advance 1 byte
                else if (twobytes == 0x8230)
                        binr.ReadInt16();       //advance 2 bytes
                else
                        return null;

                twobytes = binr.ReadUInt16();
                if (twobytes != 0x0102) //version number
                        return null;
                bt = binr.ReadByte();
                if (bt !=0x00)
                        return null;

                //------  all private key components are Integer sequences ----
                elems = GetIntegerSize(binr);
                MODULUS = binr.ReadBytes(elems);

                elems = GetIntegerSize(binr);
                E = binr.ReadBytes(elems) ;

                elems = GetIntegerSize(binr);
                D = binr.ReadBytes(elems) ;

                elems = GetIntegerSize(binr);
                P = binr.ReadBytes(elems) ;

                elems = GetIntegerSize(binr);
                Q = binr.ReadBytes(elems) ;

                elems = GetIntegerSize(binr);
                DP = binr.ReadBytes(elems) ;

                elems = GetIntegerSize(binr);
                DQ = binr.ReadBytes(elems) ;

                elems = GetIntegerSize(binr);
                IQ = binr.ReadBytes(elems) ;

                Console.WriteLine("showing components ..");
                if (verbose) {
                        showBytes("\nModulus", MODULUS) ;
                        showBytes("\nExponent", E);
                        showBytes("\nD", D);
                        showBytes("\nP", P);
                        showBytes("\nQ", Q);
                        showBytes("\nDP", DP);
                        showBytes("\nDQ", DQ);
                        showBytes("\nIQ", IQ);
                }

                // ------- create RSACryptoServiceProvider instance and initialize with public key -----
                RSACryptoServiceProvider RSA = new RSACryptoServiceProvider();
                RSAParameters RSAparams = new RSAParameters();
                RSAparams.Modulus =MODULUS;
                RSAparams.Exponent = E;
                RSAparams.D = D;
                RSAparams.P = P;
                RSAparams.Q = Q;
                RSAparams.DP = DP;
                RSAparams.DQ = DQ;
                RSAparams.InverseQ = IQ;
                RSA.ImportParameters(RSAparams);
                return RSA;
        }
        catch (Exception) {
                return null;
        }
        finally {
                binr.Close();
        }
}
```
```