Cannot run T2D from VS2012

EDIT: This is Windows 7 64bit, VS2012 4.5.50709 and T2D development branch at 7e37d4.

I've managed to compile and run T2D fine in Xcode. However, on my PC using VS2012, while I can compile fine, if I hit the debug button, T2D exits immediately without even opening a window. If I double-click the compiled executable everything works fine.

Has anyone else run into this?

VS2012 seems to receive some sort of log before the engine shuts down. It looks like this:

'Torque2D_DEBUG.exe' (Win32): Loaded 'H:TorqueTorque2DTorque2D_DEBUG.exe'. Symbols loaded.
'Torque2D_DEBUG.exe' (Win32): Loaded 'C:WindowsSysWOW64ntdll.dll'. Cannot find or open the PDB file.
'Torque2D_DEBUG.exe' (Win32): Loaded 'C:WindowsSysWOW64kernel32.dll'. Cannot find or open the PDB file.
'Torque2D_DEBUG.exe' (Win32): Loaded 'C:WindowsSysWOW64KernelBase.dll'. Cannot find or open the PDB file.
... lots more of this
--------------------------------------------------------------------------------
Processor Initialization:
   AMD (unknown), ~3.15 Ghz
     (timed at roughly 3.16 Ghz)
   FPU detected
   MMX detected
   3DNow detected
   SSE detected
 
--------------------------------------------------------------------------------
Math Initialization:
   Installing Standard C extensions
   Installing Assembly extensions
   Installing FPU extensions
   Installing MMX extensions
   Installing 3DNow extensions
   Installing SSE extensions
 
--------------------------------------------------------------------------------
Input Initialization:
'Torque2D_DEBUG.exe' (Win32): Loaded 'C:WindowsSysWOW64dinput8.dll'. Cannot find or open the PDB file.
... and more
   DirectInput enabled.

'Torque2D_DEBUG.exe' (Win32): Unloaded 'C:WindowsSysWOW64dinput8.dll'
'Torque2D_DEBUG.exe' (Win32): Unloaded 'C:WindowsSysWOW64setupapi.dll'
... several more of these
The thread 0xcd4 has exited with code 0 (0x0).
The program '[5072] Torque2D_DEBUG.exe' has exited with code 0 (0x0).