Windows Phone 8 emulator error - Something happened while creating a switch

I have a similar problem like mentioned in this question:

But, my problem is a bit different in the error description:

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The Windows Phone Emulator wasn't able to create the virtual machine: Something happened while creating a switch: Xde couldn't find an IPv4 address for the host machine.

I have SLAT compatible hardware, virtualization is enabled in BIOS, my Windows 8 installation is 64bit and it's not virtualized. Hyper-V is installed (tried reinstalling it, but it didn't help). EDIT: VirtualBox or any other virtualization software (except for Hyper-V) is not installed

EDIT2: Seem to have been some other networking software which was installed. Having to remove it sucks big time because I need it professionally. I hope they fix it.

EDIT3: I wrote about it in more details with all I could find on my blog.

Solution

Open the Hyper-V Manager from the start menu, and open the Virtual Switch Manager. Remove any existing switches, and try make a new virtual switch with a connection type set to internal.

You might need to run XdeCleanup.exe afterwards.