Change default XML comment snippet in Visual Studio

Question

When I hit /// in Visual Studio, is it possible to change the resulting snippet from this:

/// 

/// 
/// 

to

Answer 1

Here is the solution working in at least VS2010.

Save the bottom code as a file summ.snippet.
Visual Studio 2010 / Tools / Code Snippet Manager
Click import, browse to file. Save with default options.

Now goto your code window and type summ + tab + tab

Result

/// 
  

with the cursor in the middle of the tag, ready to type.

Here is the contents of the summ.snippet

    
        

                
                Created inline summary comment tag
                Mike Vanderkley
                summ
                
                        Expansion
                
        
        
            
                 $end$ ]]>