I don't know if this falls under compiler or CCSv4, but I'm trying to debug a project and I get errors that say "see log". I guessed that meant Windows Event Viewer and I found what look to be the errors under SYSTEM.
Errors:
Generate Activation Context failed for C:\Program Files\Texas Instruments\ccsv4\common\bin\xerces-c_2_5_0D.dll. Reference error message: The operation completed successfully.
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Resolve Partial Assembly failed for Microsoft.VC80.DebugCRT. Reference error message: The referenced assembly is not installed on your system.
Dependent Assembly Microsoft.VC80.DebugCRT could not be found and Last Error was The referenced assembly is not installed on your system.