Visual Studio 2012 failed to create project

Question

I just upgraded to windows 8 from windows 7. Visual studio 2010 broke down completely. Oh well. I removed vs2012 and installed visual studio 2012, where the pain starts. I have been reinstalling vs 2012 a couple of times. However, the symptom remains the same. When I try to create a new project (FILE -> New -> Project or ctrl + N).
It pops up with an error message dialogbox saying
"Failed to create a ImageSource from the text '..\Images\Medium.png'.
" I am like @#*%&^@*#@#(. So can anyone please tell me what is going on with my Visual Studio2012? By the way, I can open and run the existing vs2010 projects with no problems.
I definitely neither want to do a fresh install on windows 8 nor rolling back to my windows 7. Cheers,

Answer 1

To resolve that problem, I've change the permission of "modify" for "everybody" on the files

c:\windows\microsoft.net\framework\v2.0.50727\config\machine.config

and

c:\windows\microsoft.net\framework\v4.0.30319\config\machine.config

Don't know if it's the best way to do it, but at least it works.