Thanks for sending the bug report. This helped highlight some interesting information:
The primary reference "C:\Users\Lee\AppData\Local\NCrunch\17572\1\MvcApplication1\bin\MvcApplication1.dll" could not be resolved because it has an indirect dependency on the framework assembly "System.Threading.Tasks, Version=1.5.11.0, Culture=neutral, PublicKeyToken=b03f5f7f11d50a3a" which could not be resolved in the currently targeted framework. ".NETFramework,Version=v4.0". To resolve this problem, either remove the reference "C:\Users\Lee\AppData\Local\NCrunch\17572\1\MvcApplication1\bin\MvcApplication1.dll" or retarget your application to a framework version which contains "System.Threading.Tasks, Version=1.5.11.0, Culture=neutral, PublicKeyToken=b03f5f7f11d50a3a".
The primary reference "C:\Users\Lee\AppData\Local\NCrunch\17572\1\MvcApplication1\bin\MvcApplication1.dll" could not be resolved because it has an indirect dependency on the framework assembly "System.Runtime, Version=1.5.11.0, Culture=neutral, PublicKeyToken=b03f5f7f11d50a3a" which could not be resolved in the currently targeted framework. ".NETFramework,Version=v4.0". To resolve this problem, either remove the reference "C:\Users\Lee\AppData\Local\NCrunch\17572\1\MvcApplication1\bin\MvcApplication1.dll" or retarget your application to a framework version which contains "System.Runtime, Version=1.5.11.0, Culture=neutral, PublicKeyToken=b03f5f7f11d50a3a".
I'm wondering if this is somehow related to the binding redirection issue we experienced earlier. It still doesn't make any sense to me why this is appearing on your system but not mine... Perhaps there is some difference in the various SDKs that are loaded or available in the GAC. Does introducing a .config file in the tests project with the appropriate binding redirections make any difference for you?
I'm wondering if you'd also like to try giving this build a spin -
http://downloads.ncrunch.net/NCrunch_VS2012_1.47.0.1.msi. This build introduces some changes in the way that references are resolved at load time by NCrunch... which may or may not make a difference in this situation.
These new packages from Microsoft contain all sorts of new build logic including several overrides, so I have a feeling it may take a while to fully understand what is happening here. Let me know how you go with the above suggestions, and if neither of them work, we'll try something else.