Visual Basic Application Settings

There appears to be some different interpretations of where application settings are to be stored in Visual Basic; I am using versions 2005 and 2008.  The Microsoft documentation recommends using the app.config file, but the documentation that I have seems specific to Windows applications, and I am creating a console application.

I do not need to store many values; I just want to be able to store some values that will change the way my console application runs.

Any direction or comments would be greatly appreciated!