Após a instalação do Windows Update em 10 de fevereiro de 2016, as funções do Azure não são iniciadas no emulador (Full / Express). Os logs são mostrados abaixo

[00005748:00006624, 2016/02/14, 12:03:24.391, FATAL] Role process exited with exit code of -2147024809
[00005748:00006624, 2016/02/14, 12:03:24.397, INFO ] Stopping role: deployment25(0).AzureCloudService2.WebRole1_IN_0. Notify: False  Recycle: False  StopTimeout: 30
[00005748:00006624, 2016/02/14, 12:03:24.398, IMPRT] State of deployment25(0).AzureCloudService2.WebRole1_IN_0 changed from RoleStateBusy to RoleStateStopping.
[00005748:00006624, 2016/02/14, 12:03:24.398, IMPRT] State of deployment25(0).AzureCloudService2.WebRole1_IN_0 changed from RoleStateStopping to RoleStateStopped.
[00005748:00006624, 2016/02/14, 12:03:24.398, ERROR] <- WapGetEnvironmentVariable=0x800700cb
[00005748:00006624, 2016/02/14, 12:03:24.398, WARN ] (Ignoring) Reading environment variable CleanupFirewallOnRoleRestart failed with HR: 800700cb
[00005748:00006624, 2016/02/14, 12:03:24.398, INFO ] The value of cleanupFirewallOnRoleRestart is set to True
[00005748:00006624, 2016/02/14, 12:03:24.398, WARN ] Attempting to recover role deployment25(0).AzureCloudService2.WebRole1_IN_0.
[00005748:00006624, 2016/02/14, 12:03:24.399, ERROR] Failed to create FSRM quota manager instance.

Atualização 14 de fevereiro de 2016

Parece que se eu usar o IIS completo (não o IIS Express) e o Emulador Completo, ele funcionará, mas se eu selecionar o emulador Express (só posso selecionar o IISExpress), ele não funcionará.*