I am trying to run an Application created using VS 2010 on a Win 7 64bit system and get the above error.
At first I thought it must be the project not targeting "anyCPU" but this has proved not to be the case.
I have tried running other applications (created with VS) on the machine and get the same error.
Other applications (VIZ engine, VLC, etc all run fine on the machine.
Could a corrupt .Net installation cause the error to be generated?