<p>I'm using Visual Studio (2005 and up). I am looking into trying out making an application where the user can change language for all menues, input formats and such. How would I go on doing this, as I suppose that there is some complete feature within .Net that can help me with this?</p>

<p>I need to take the following into account (and fill me in if I miss some obvious stuff)</p>

<ul>
<li>Strings (menues, texts)</li>
<li>Input data (parsing floats, dates, etc..)</li>
<li>Should be easy to add support for another language</li>
</ul>

For strings you should just separate your strings from your code (having an XML/DLL that will transform string IDs to real strings is one way to go). However you do need to make sure that you are supporting double byte characters for some languages (this is relevant if you use C/C++).
For input data what you want is to have different locale's. In Java this is relatively easy, and if you use C# it probably is quite easy also. In C/C++ I don't really know. The basic idea is that the input parsers should be different based on the locale selected at that time. So each field (textfield, textbox, etc.) must have an abstract parser that is then implemented by a different class depending on the locale (right to left, double byte, etc.).
Check the Java implementation for details on how they did it. It is quite functional.