Originally Posted by leetas
I am a little disappointed that something as common as the VS runtime redist is the problem here. I had a similar issue, I had to downgrade my redist to the 10.0.30319 version (I was on 10.0.40219 and it was erroring). Hopefully the useful functionality can overcome my momentary inconvenience...
The link provided on page two here fixed it for me.
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I am using 10.0.40219 with out issue, maybe just the act of re-installing it fixed it for you? I also have a system with just the 2012 version and all is well too.