V15.5.1 Deployment of Web

I have created a dev box with V15.5.1 and HF00341 applied.

When I try and deploy the web I get the following error.

 

Time Severity Source Message Data
10/28/2013 2:09:50 AM 4 Installation The error Filename: \\?\C:\Windows\system32\inetsrv\config\applicationHost.configLine number: 155Error: Can not log on locally to C:\inetpub\wwwroot\Default as user docqnet01\administrator with virtual directory password occurred while executing deployment tasks. 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