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Error when loading MME in VS 2012


We use MME at work and just upgraded to VS 2012, we were using version 1.1 and had added a MMEVS2012.AddIn to make our extensions load in VS 2012 and everything worked great.

However we just had a new developer start and he didn't have VS 2010 installed prior on his computer and just installed VS 2012 (this seems to be the only difference I am able to detect between our setups) And he gets the attached error popup when starting visual studio.

My guess is that the MME .dll references Visual Studio 2010 dlls that dont exist on his machine, but i haven't had time to investigate.

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