Getting started with Windows Azure: Development Storage install issues

I was playing around with some Windows Azure tutorials today and was following the Create Your First Windows Azure Local Application. The tutorial is pretty simple to follow but I ran into some little issues which were very annoying? After installing the Windows Azure Tools for Visual Studio v1.2 I followed the tutorial’s steps to try and get the Hello World app up and running. However, after starting the application without debugging as instructed in the tutorial I got the following error. "Windows Azure Tools: Failed to initialize the Development Storage service. Unable to start Development Storage. Failed…

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