I ran across this and thought I'd share in case anyone out there hits the same issue. If you see this error pop up in the IIS7 Administration tool (IIS Manager - inetmgr.exe) that looks like this:
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I haven't been able to write for a few weeks due to some time off and other "distractions". (This time of year at Microsoft is especially busy for managers as we not only do all of normal work needed to develop software, but also have to deal with budgeting, performance reviews, and vacation schedules).