Windows 10, 64 bit, Visual Studio 2015 (without update 3)
Happens in latest release and 4.11 release from github. Build fails instantly with
MainFrameActions: Packaging (Windows (64-bit)): Running AutomationTool...
MainFrameActions: Packaging (Windows (64-bit)): Could not load file or assembly 'AutomationTool, Version=4.0.0.0, Culture=neutral, PublicKeyToken=null' or one of its dependencies. The system cannot find the path specified.
MainFrameActions: Packaging (Windows (64-bit)): at System.Reflection.RuntimeAssembly._nLoad(AssemblyName fileName, String codeBase, Evidence assemblySecurity, RuntimeAssembly locationHint, StackCrawlMark& stackMark, IntPtr pPrivHostBinder, Boolean throwOnFileNotFound, Boolean forIntrospection, Boolea
MainFrameActions: Packaging (Windows (64-bit)): n suppressSecurityChecks)
MainFrameActions: Packaging (Windows (64-bit)): at System.Reflection.RuntimeAssembly.InternalLoadAssemblyName(AssemblyName assemblyRef, Evidence assemblySecurity, RuntimeAssembly reqAssembly, StackCrawlMark& stackMark, IntPtr pPrivHostBinder, Boolean throwOnFileNotFound, Boolean forIntrospection, Boolean suppressSecurityChecks)
MainFrameActions: Packaging (Windows (64-bit)): at System.Reflection.RuntimeAssembly.InternalLoadFrom(String assemblyFile, Evidence securityEvidence, Byte[] hashValue, AssemblyHashAlgorithm hashAlgorithm, Boolean forIntrospection, Boolean suppressSecurityChecks, StackCrawlMark& stackMark)
MainFrameActions: Packaging (Windows (64-bit)): at System.Reflection.Assembly.LoadFrom(String assemblyFile)
MainFrameActions: Packaging (Windows (64-bit)): at System.AppDomain.ExecuteAssembly(String assemblyFile, String[] args)
MainFrameActions: Packaging (Windows (64-bit)): at System.AppDomain.ExecuteAssembly(String assemblyFile, String[] args)
MainFrameActions: Packaging (Windows (64-bit)): at AutomationToolLauncher.Launcher.Main() in F:\411UnrealEngine\Engine\Source\Programs\AutomationToolLauncher\Launcher.cs:line 30
MainFrameActions: Packaging (Windows (64-bit)): AutomationToolLauncher exiting with ExitCode=193
MainFrameActions: Packaging (Windows (64-bit)): copying UAT log files...
MainFrameActions: Packaging (Windows (64-bit)): BUILD FAILED
I confirmed that AutomationTool.exe is in that location,