Environment

• Windows 2008 R2, Windows 2008

Issue

On Windows 2008 R2, when one

• Navigates to Component Services > Computers > My Computer > DCOM Config > IIS WAMREG Admin Service
• Click on Properties (for IIS WAMREG Admin Service) and navigate to the Security tab
• Edit Launch and Activate Permissions is disabled

Resolution

After raking my brain on this issue (and searching) I finally came across the cause and resolution here

http://www.wictorwilen.se/Post/Fix-the-SharePoint-DCOM-10016-error-on-Windows-Server-2008-R2.aspx

I am documenting this so others do not have to spend hours trying to resolve (and search) this issue and some of you can get to this issue faster using correct keywords (hopefully)