Wednesday, October 28, 2009 6:50 PM
Fawzi
Hyper-V Virtual Machines could not intialize
This is one of the problems that you may
face, When you start the VMs after you rename the host or join the
domain you can’t start the VMs on taht host and face a problem that
(Could not find a usable certificate)
For hyper-V with windows 2008 R2
VMName’ failed to initialize.
Could not initialize machine remoting system. Error: ‘Unspecified error’ (0×800070490).
Could not find a usable certificate. Error: ‘Unspecified error’ (0×800070490).
For Hyper-V with Windows 2008
VMName’ failed to initialize.
Could not initialize machine remoting system. Error: ‘Unspecified error’ (0×80004005).
Could not find a usable certificate. Error: ‘Unspecified error’ (0×80004005).

This is a well known problem for Hyper-V V1 use this update to solve it as per KB Article 967902 that details the symptoms and resolution.
For Hyper-V V2 just restart the host and everything will be fine.