I think this error might be caused by an install bug with IntelliJ IDEA. When I look at the installed folder referred to in the error message on my filesystem:
C:\Program Files (x86)\JetBrains\IntelliJ IDEA 10.0\jre
I see the jre folder but then another jre folder beneath that one which contains the bin and lib folders of the jre:
jre
jre
bin
lib
I copied bin and lib up a level into the first jre folder, and that fixed this error for me.