Appears to have disappeared on mine also. Seems Microsoft finally fixed this.
Now off to report many other REGULAR errors reported in the Events log.
[W8.1 Update 1] "Windows Store failed to sync machine licenses. Result code 0x80070490"
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Anonymous
After a clean install of windows 8.1.1 using the ISO from Technet I started getting the following error message in my event log the first time I start my machine in the morning:
Event 512 Store-Licensing "Windows Store failed to sync machine licenses. Result code 0x80070490"
I use a Microsoft account and I have synced by Modern apps many times manually. Running the scheduled task manually will also produce the same error. I disabled the Scheduled Task that runs the sync and I'll see if it shows up tomorrow. Btw, the Store seems to be working fine.
I read somewhere that the MS Store will be changed for 8.1.1 so I wonder if the 'new' store will stop these messages.
The Scheduled Task that kicks this off appears to be Microsoft/Windows/WS and is called WSRefreshBannedAppsListTask.
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Windows for home | Previous Windows versions | Performance and system failures
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Anonymous
2014-10-16T02:37:35+00:00 -
Anonymous
2014-10-15T06:56:32+00:00 For me the error has disappeared ~two weeks ago! :)
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Anonymous
2014-10-15T05:19:43+00:00 No longer there with tech preview...
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Anonymous
2014-10-14T20:36:16+00:00 Latest Windows Updates (from October 2014) have been installed, yet the error still appears in the Event Viewer.
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Anonymous
2014-09-27T19:54:07+00:00 The really sad part is that it's us - the users - speculating what is causing the error and why. No official Microsoft statement at all (or not that I'm aware of one).