Fix unspecified error (MS Visual Database Tool) in Microsoft SQL Server Management Studio

Is common situation when a developer in the process of migration from MS SQL Server 2005 to 2008 try to get access to both databases from one Visual Designer tool. If you will try to display data located on MS SQL Server 2008 from MS SQL Server management studio for 2005 server you will get the follow error:
TITLE: Microsoft SQL Server Management Studio
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Unspecified error (MS Visual Database Tools)
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BUTTONS:
OK
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To fix this problem, just download new version of Management Studio.