In VS 2005, “Object reference not set to an instance of an object”

In a New Project, when Attempting to add a “database” data source, using the data source configuration wizard in VS 2005 Standard, I receive an “Object reference not set to an instance of an object” error.

This started to occur out of no where. Never experienced this problem before.

I attempted to repair/reinstall and still receive the same. I’ve been researching a solution for this to no avail.

What can I do to resolve this problem? Any help would be appreciated.