After installing the ASP.NET and Web Tools 2015 (RC1 update 1) I get the following error within ASP.NET MVC 4 projects when opening *.cshtml files:
For me, ASP.NET 5 is not yet required, I removed update, and then reinstalled ASP.NET 4.5. It's a bit tricky:
No longer follow the notification of update in Visual Studio 2015!!!