I had this exact problem and opened a case with MSFT.. Here is what they had me do... fixed it.
To resolve the problem, perform the following steps:
1. Stop the SQL Server.
2. Run the following commands:
regsvr32 drive:\absolute\path\of\sqldmo.dll
regsvr32 drive:\absolute\path\of\sqlvdi.dll
3. Start the SQL Serv