A search on the title error message, got only a few hits, and oddly the one that was most related to the problems that I am seeing was in a M$ knowledge base:
http://answers.microsoft.com/en-us/windows/forum/windows_8-windows_install/bluestacks-2-not-working-help/0bfcd762-a16f-4f20-bc53-d8dc918d7d0f?auth=1