I have just started development for Azure.
I have created an Azure project with Asp.net role, but when I try to debug it without making any changes it gives the following er
Check your %UserProfile%\AppData\Local\Temp directory. You should see a couple files there including IISConfigurator.log and Visual Studio Web Debugger.log. See what those files tell you.
Update: later SDKs have them at %UserProfile%\AppData\Local\dftmp\IISConfiguratorLogs\