Adding printer with "Internet Printing" gives "Windows couldn’t connect to the printer. Check the printer name and try again."

The scenario is as follows, you have set up your Windows 2008 machine to be using “Internet Printing”. After having set this up you will have the following directory created on your machine:   C:\Windows\Web\Printers   In IIS manager you will have this directory setup as a virtual directory:     Now you try to…