Once again I've learned the hard way that it pays to read the release notes.
After installing Pex v0.91.x, suddenly I was having trouble running my tests in
a particular solution. It has been driving me nuts - Visual Studio was throwing
"object reference not set to an instance of an object" errors every time I tried
to run tests, and the Test View was refusing to load any test names.
Finally, I noticed that I had a few tests that were still instrumented with
HostType "pex" instead of "moles". I changed these around, and still got the
error. Closed Visual Studio, restarted, and voìla, the tests can run, and
Test View is populated again.
Pex and Moles - Release Notes