MED-V V1.0 SP1: Error when trying to open the MED-V Management Console: “The MED-V Management application was unable to initialize.”

When you attempt to open the MED-V Management console, you may get the following error:

“The MED-V Management application was unable to initialize.”

“The type initializer for ‘Kidaro.Foundation.Profile.UserProfile’ threw an exception.”

This is caused by either a blank or corrupt XML file containing the user settings:  (WIndowsUserSettings.xml)

To resolve this, delete the %LOCALAPPDATA%\MED-V\ directory and restart the application.