The error message I got after investigating:
The application has failed to start because its side-by-side configuration is incorrect. Please see the application event log or use the command-line sxstrace.exe tool for more detail.
More detailed info:
http://technet.microsoft.com/en-us/library/gg185655.aspx
Actual Problem:
Microsoft Visual C++ 2008 SP1 Redistributable Package was not installed.
Solution:
Download and install:
http://www.microsoft.com/download/en/details.aspx?displaylang=en&id=5582
K bia.
P.S. uhh, BBCode [ url] is denied for me, I guess i must be an evil person.