Visual Studio 2010 throws package load errors on launch and creation of new project fails

ISSUE DESCRIPTION: Visual Studio 2010 throws package load errors on launch and creation of new project in fails with more errors ENVIRONMENT: This is applicable to both 32 bit and 64 bit machines, running Windows 8/Widows 7/ Server 2012/ Server 2008/ Windows Server2003/ Windows XP Symptom and inference: Here is the error message that you…

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