please follow these steps if you want to make latest version with startup task run in local azure emulator.
http://msdn.microsoft.com/en-us/library/windowsazure/hh974417.aspx
otherwise local emulator keeps trying to call
%windir%\system32\inetsrv\appcmd set config -section:applicationPools -applicationPoolDefaults.processModel.idleTimeout:00:00:00
which fails and indicates azure instance as busy.