Error occurred in deployment step 'Recycle IIS Application Pool': Provider load failure

Hello,

I am using Visual Studio 2010 to create page layouts and preview images(http://blog.beckybertram.com/Lists/Posts/Post.aspx?ID=71). I was successful in creating page layouts but the image was not coming properly.

So I decided to change the path of image and deploy the project (Empty SharePoint project). But this time, I am getting an error
Error occurred in deployment step 'Recycle IIS Application Pool': Provider load failure
I am sure there is no relation between changing image path in elements.xml and this error.

I also browsed through and found some related issues, but they are not specific to VS 2010 or SharePoint 2010. And I am apprehensive of implementing them.
http://msdn.microsoft.com/en-us/library/bb961987(VS.90).aspx

1. The logged in user is site collection admin and local admin
2. Windows Management Instrumentation service is running
3. App pool's identity is configured to the local admin & password has not changed.

Thanks in advance

_____________________________
Vighnesh Bendre
http://markviky.blogspot.com