"PowerShellCmdExec::Init Error 429 ActiveX component can't create object" is seen in log (4270920)

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Title

"PowerShellCmdExec::Init Error 429 ActiveX component can't create object" is seen in log
Description

Logs indicate:

PowerShellCmdExec::Init Error 429 ActiveX component can't create object
An Agent Host May be in use
Cause

Powershell 2.0 and the Exchange Management Shell Snap-in are not installed.
Resolution

1. Install Powershell 2.0 (see http://support.microsoft.com/kb/968930)
2. Install the Exchange 2010 managment Console and Shell (see http://technet.microsoft.com/en-us/library/bb232090.aspx)

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