Hello Suresh,
When TeamPulse was released this week, it was released for use with the Silverlight 4 RC and not the RTM. I suspect that you've installed the Silverlight 4 RTM and are therefore seeing this message. Can you confirm this?
We are working on getting a version which supports Silverlight 4 RTM out as soon as possible.
Kind regards,
Robert Régnier
the Telerik team
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