Heys folks, I'm getting the same error message as well. If I remember correctly, I had the same problem when I got hooked up the first time. The forums were chock-full of solutions at the time, and I remembered having to remove a .DLL file, So I went to Microsoft to double check myself...
"The error message "0xC0150002" means that Windows was not able to process the
application binding information. This always occurs during the creation of process
and it is usually caused by the mismatched system DLLs
Now, the problem is what .DLL to remove! Any ideas? (would the update noted tell us perhaps?)