aspnet_regiis 0x80004005 Windows 7 IIS 7

Problem

"aspnet_regiis -i" crashes when executed from command giving error code 0x80004005 on Windows 7 with IIS7

My solution

I have UAC switched on, and launched the command prompt -as administrator-. Start -> cmd -> right click "Run as Administrator". Then aspnet_regiis worked fine.
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