I have not dug into the "log" yet, since I'm not wholly sure where it is. However, has anyone seen this error?
Everything seemed to be working until I downloaded the BUGWeather project, and that did something to my VirtualBug.
Unless you've already done so, please install the development version of CTE or wait for the next SDK build. The problem is with your closed projects. Here are specific instructions I took from another thread.