After some fiddling I found a way to do this. Create a project. Right click on the tree item with the "Code::Blocks" icon [eg. "Console application"], select "Build Options" in the menu. Here you can switch to the VC compiler.
It would be nice if I could make the VC compiler the default for all projects, not just the current one.
Can't wait to get started with Code::Blocks, looks absolutely kickass!

Thanks, all Code::Blocks devs.
***EDIT***
To successfully compile the default "Hello World" main.cpp file, I found it necessary to do the following:
1. Main menu: Settings > Plugins > Compiler
2. Go to the "Programs" tab.
3. Delete the resource compiler entry, because there isn't one. :? [I'm sure this must be wrong, but... well... I just don't have rc.exe with cl.exe and link.exe. I must get a resource compiler, to add icons and stuff to my DLLs.]
4. Replace "mingw32-make.exe" with the full path to the make exe.
That's it, then I hit compile and it worked like a charm.
