Run "aspnet_regiis.exe" program from command line (within Command Prompt):

%windir%\Microsoft.NET\Framework\v4.0.30319\aspnet_regiis.exe –i

If you want to open it using the Run program, just type in "Run" in the Windows 7 search box, then use the following line below in the Open box, then click OK:

%windir%\Microsoft.NET\Framework\v4.0.30319\aspnet_regiis.exe –i

Note if your computer is 64 bit, then I would change the line to:

%windir%\Microsoft.NET\Framework64\v4.0.30319\aspnet_regiis.exe –i

Hopefully, these solutions help get you up and running and fix the IIS7 error... Handler "PageHandlerFactory-Integrated" has a bad module "ManagedPipelineHandler" in its module list.