VS.NET TFS: IISReset and The system cannot find the file specified. (2147942402, 80070002)

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Okay, today i installed Microsoft Team Foundation Server 2010. At the end of the Setup, i had a warning regarding the configuration of the IIS Web Server Part. In the result i tried to reset the IIS using iisreset.exe. What i got is an error message stating:
The system cannot find the file specified. (2147942402, 80070002)
Logo_Microsoft.Team.foundation.server.2010

If you are Installing Microsoft TFS 2010 RC or RTM, you may notice after the installation a warning that IISRESET failed.  The warning instructs you to run it manually.  Running it manually results in the same error:

The system cannot find the file specified. (2147942402, 80070002)

IISReset_The_System_cannot_find_the_file_specified_2147942402_80070002

IISRESET failing is not a problem for TFS, but nevertheless you may want to address this.  To fix it, open Add / Remove Programs (appwiz.cpl) and run Repair on the .NET 4.0 Client component.  This requires a reboot.

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