In place Downgrade Windows Server 2008 R2 from Standard to Web
I mistakenly installed Server 2008 R2 as Standard, but my license key is only valid for Web. Can I downgrade my current installation to Web without re-installing?
Nope, a reinstall is required
The process to downgrade to Windows Web Server 2008 R2 to Windows Server Standard 2008 R2:
Open Windows Registry Editor:
Browse to HKLocalMachines > Software > Microsoft > Windows NT > Current Version > Edition ID
Then change the value from []Standard to []Web.
Then run the install DVD and run the downgrade. This worked for us.