Troubleshooting Error while deploying Dynamics AX 2009 ODC files on Windows Server 2008

I'm trying to setup Dynamics AX 2009 Analysis Extensions on Windows Server 2008. Ran into the following error when, deploying ODC files step -

An error occurred while retrieving information from a SQL Server
Analysis Services component. A process failed while creating ODC files. View
the Windows event logs for more details.

Workaround - Try doing an iisreset after attempting to deploy your ODC files. Then, after iisreset is successful, attempt to deploy your ODC files again.

Thanks to Bill for posting this here in the communities forum, but I sound this behaviour sort of strange, maybe there would be a fix soon by MS.

P.S - https://www.microsoft.com/communities/newsgroups/en-us/default.aspx?dg=microsoft.public.axapta&tid=ace277e6-a967-4550-b1b4-f1cacd3d5e10&cat=en_US_c19bf0af-8048-4074-a429-02d7e737ea49&lang=en&cr=US&sloc=&p=1