Error while running Microsoft Embedded Visual C++

So, I'm trying to create a hello world old-school Windows CE program, but I don't have a device handy.  I downloaded Microsoft Embedded Visual C++, which I understand to be the Microsoft tool to create Windows CE programs, and which also seems to have an emulator (I want to develop on my desktop then move to the Win CE device).

So it installs fine, then I say File->New Project, WCE MFC Appwizard EXE.  I create the skeleton program, then try to build it.  The project type is "Win32 (WCE emulator) Debug" and "STANDARDSDK Emulator" seems to be the target.  It builds and then I get a progress dialog that says "Connecting to the device", "Starting Emulator Startup Server."  This progress dialog seems to take forever, then it goes away and in the Build dialog it says:

Test.exe - 0 error(s), 0 warning(s)
Downloading files
Timeout: Failed to connect to the device
Failed downloading

This is RIGHT out of the box, after MSEVC install, so I figure others must have run into this.  Is there something else I need to do to get the emulator running, and run a hello world program in it?

Thanks.