I got this error a few days ago when trying to run an Operating System Deployment task sequence. (0x80220005)
This error was generated because I had tried to name the computer (when prompted by the task sequence for the OSDComputername) to CLASS-OHVM1-7X86.
The maximum limit for the computer name is 15 characters. Oops! School-boy error on my part!
Changing the computer name to something shorter resolved the issue.