Resolution : Create the parameters key in the following location :
Then within the parameters key, create a DWORD Value named FormatDatabase with a value of 1 (hex) then reboot the machine.
A slightly less esoteric solution is to disable offline folder caching.
The OEM version seems to come with it enabled, but not configured.
Here is a screen shot of the error:
Go to the control panel, open the "offline files" control, disable or enable as you wish and then reboot.
Microsoft covers this issue here: