when I upgraded from win7 I lost XP mode, so I got out my old XP disc and was going to setup a virtual machine running XP, but when I click the start button on the VM, I get the same error as the OP. I have the VM set as gen 1 so that isn't the issue.
the only possible error message in my eventviewer is this one:
The required GPU resources could not be accessed. This server cannot run as a RemoteFX host without a GPU. Verify that the GPU is correctly installed.
**-** <Eventxmlns="**http://schemas.microsoft.com/win/2004/08/events/event**">
**-** <System>
<Provider Name="Microsoft-Windows-Hyper-V-VMMS"Guid="{6066F867-7CA1-4418-85FD-36E3F9C0600C}" />
<EventID>32607</EventID>
<Version>0</Version>
<Level>2</Level>
<Task>0</Task>
<Opcode>0</Opcode>
<Keywords>0x8000000000000000</Keywords>
<TimeCreated SystemTime="2015-08-05T01:40:36.409812100Z" />
<EventRecordID>351</EventRecordID>
<Correlation />
<Execution ProcessID="3196"ThreadID="908" />
<Channel>Microsoft-Windows-Hyper-V-VMMS-Admin</Channel>
<Computer>ChrisSolomon-PC</Computer>
<Security UserID="S-1-5-18" />
**** </System>
<EventData />
****</Event>
there are no remotefx options anywhere in the vm or in hyper-v settings, so I am not sure how to fix this