c:\Program Files\IIS Express>iisexpress.exe /trace:error
Starting IIS Express ...
Initializing the W3 Server Started CTC = 69683805
W3 Server initializing WinSock. CTC = 69683837
W3 Server WinSock initialized. CTC = 69683837
W3 Server ThreadPool initialized (ipm has signalled). CTC = 69683837
Start listenerChannel http:0
Error (rc=80070422) in UlInitialize. Exiting
Error initializing ULATQ. hr = 80070422
Terminating W3_SERVER object
InitComplete event signalled
Process Model Shutdown called
Unable to start iisexpress.
The service cannot be started, either because it is disabled or because it has no enabled devices associated with it.
For more information about the error, run iisexpress.exe with the tracing switch enabled (/trace:error).
Above was the output I got when try to start the IIS Express. Does anyone have any idea of what's wrong ?