Well, looking at the log, the last reference is the following.
Code:
package "Phone_DPI_96" does not contain .rgu file "b6d39515-64f2-451c-b50f-f5bd700d3b2b.rgu"
package "PhoneRedist_DPI_96" does not contain .rgu file "82ccf63c-1f61-4ccd-ab38-c178277fa43f.rgu"
package "Phone_dpi_96_resh_240_resv_320" does not contain .rgu file "68efe065-332b-4b55-8a00-05dce036176e.rgu"
importing registry file ".\Registry\12e09329-dd44-4d62-a5b7-25124bb2ef88.rgu"...
importing registry file ".\Registry\15947029-6127-4062-bb7f-b3c8bed871ac.rgu"...
..... lots of imports ......
importing registry file ".\Registry\0f5c182e-9447-45b6-bad0-713566ed5fcc.rgu"...
wmain: (RGUComp) !ERROR failed building DEFAULT hives