Microsoft visual C# 2008 compiler could not be created. Please re-install Visual Studio

Question

Any idea how to fix this error in Visual Studio? This error occurs when trying to create a new C# Console Application. I can create and build a C# Website, but Intellisens

Answer 1

I reinstalled VS2008 but problem persisted.Then upon running

C:\Program Files\Microsoft Visual Studio 9\Common7\IDE\devenv.exe /ResetSkipPkgs 

my problem was resolved.