I opened my Android Studio today and it asked to upgrade to the latest version which I did.
Now I am unable to create a new project. I follow the wizard to create a proj
I had the same issue on Win7-x64. I had put path to jdk (c:\Program Files\Java\jdk1.7.0_40) for JAVA_HOME (goto Control Panel->System->Environment Variable) in double quotes. Removing the quotes fixes the issue.