One of our users has been getting the error “Creating an instance of the COM component with CLSID {B69003B3-C55E-4b48-836C-BC5946FC3B28} from the IClassFactory failed due to the following error: 8007000e” whenever they open Team Explorer.
Searching the registry for this CLSID (on a different machine) identified that it was the Messenger UI Automation component used by the latest Power Tools. Because we’re not yet using the Messenger integration the solution was to simply change the Collaboration Provider to <None>. This can be done by right-clicking the Team Members node in Team Explorer, clicking Personal Settings, and clicking Change.