This problem appears to occur when both MVC 3 RC and the .NET Framework Async CTP are installed on the same computer.
You need to remove MVC 3 RC, but since it also comes with ASP.NET, NuGet and Visual Studio update web pages, they must be removed with it.
To open a Visual Studio * command prompt with administrator privileges and run all of the following commands:
wmic product, where name = "Microsoft ASP.NET MVC 3 - Visual Studio 2010 Tools" causes deletion
wmic product, where name = "Microsoft ASP.NET MVC 3 - VWD Express 2010 Tools" causes deletion
wmic product, where name = "Delete Microsoft ASP.NET Web Pages"
wmic product, where name = "Microsoft ASP.NET Web Pages - Visual Studio 2010 Tools" causes deletion
wmic product, where name = "Microsoft ASP.NET Web Pages - VWD Express 2010 Tools" causes deletion
wmic-product in which name = "NuGet" remove the delete
msiexec / package {BC0464FA-A0BA-3E38-85BF-DC5B3A401F48} / remove {3069D446-63C5-38F4-9D28-41858024419C}
msiexec / package {85076DFF-7A17-3566-9CC0-488E6E6D4494} / remove {3069D446-63C5-38F4-9D28-41858024419C}
If the problem still persists, uninstall the .NET Framework Async CTP.
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