title: Windows Phone 8 Emulator not launching. Error code 0x80131500
body: <p>I have problem with Visual Studio 2012 (OS: Windows 8.1 Preview)</p>
  
  <ol>
  <li>Create empty project (Windows Phone App)</li>
  <li>Press F5 to start debugging.</li>
  </ol>
  
  <p>And I get 0x80131500 error code, with no detailed description. Only this: Deployment of application to device failed.</p>
  
  <p>Output:</p>
  
  <pre><code>1&gt;------ Deploy started: Project: PhoneApp1, Configuration: Debug Any CPU ------
  1&gt;Deploying C:\Visual Studio 2012\Projects\PhoneApp1\PhoneApp1\Bin\Debu\PhoneApp2.xap...
  1&gt;Connecting to Emulator WVGA 512MB...
  1&gt;Deployment of application to device failed.
  1&gt;0x80131500
  </code></pre>
  
  <p>Has anyone encountered such a problem. How it can be solved?</p>