Hi Ben,
Thanks for posting! And I'm glad you're enjoying the tool!
This is an issue that appears irregularly in the 1.40b build. There is a certain combination of steps that can cause it to happen, although it likely isn't the main source of your build error. Essentially it's a failure of NCrunch to properly report the output text associated with the project you've selected in the Tests Window.
A fix has been prepared as part of the 1.41b build that is due out very soon.
Do you experience build issues consistently with the template you're using? Or does it happen only on occasion? You may be able to pull up the true error by turning up your 'Log Verbosity' in your global NCrunch configuration, then looking at the results of the build task in the Processing Queue.
Cheers,
Remco