When I try running the default “Mono for Android Application”, I get an error that the application has stopped unexpectedly.

After, (sometimes) I would get an exception in MonoDevelop: System.IO.IOException: DWP Handshake failed.
I’m not sure what could be wrong – I haven’t made any changes to the application. Any help would be greatly appreciated – I’ve been trying to get this running all day.
TIA
Stacktrace:
D/AndroidRuntime( 2066): Shutting down VM
E/AndroidRuntime( 2066): FATAL EXCEPTION: main
E/AndroidRuntime( 2066): java.lang.UnsatisfiedLinkError: Couldn’t load monodroid: findLibrary returned null
E/AndroidRuntime( 2066): at java.lang.Runtime.loadLibrary(Runtime.java:429)
E/AndroidRuntime( 2066): at java.lang.System.loadLibrary(System.java:554)
E/AndroidRuntime( 2066): at mono.MonoPackageManager.LoadApplication(MonoPackageManager.java:24)
E/AndroidRuntime( 2066): at mono.MonoRuntimeProvider.attachInfo(MonoRuntimeProvider.java:25)
E/AndroidRuntime( 2066): at android.app.ActivityThread.installProvider(ActivityThread.java:3554)
E/AndroidRuntime( 2066): at android.app.ActivityThread.installContentProviders(ActivityThread.java:3309)
E/AndroidRuntime( 2066): at android.app.ActivityThread.handleBindApplication(ActivityThread.java:3265)
E/AndroidRuntime( 2066): at android.app.ActivityThread.access$2200(ActivityThread.java:117)
E/AndroidRuntime( 2066): at android.app.ActivityThread$H.handleMessage(ActivityThread.java:969)
E/AndroidRuntime( 2066): at android.os.Handler.dispatchMessage(Handler.java:99)
E/AndroidRuntime( 2066): at android.os.Looper.loop(Looper.java:123)
E/AndroidRuntime( 2066): at android.app.ActivityThread.main(ActivityThread.java:3683)
E/AndroidRuntime( 2066): at java.lang.reflect.Method.invokeNative(Native Method)
E/AndroidRuntime( 2066): at java.lang.reflect.Method.invoke(Method.java:507)
E/AndroidRuntime( 2066): at com.android.internal.os.ZygoteInit$MethodAndArgsCaller.run(ZygoteInit.java:839)
E/AndroidRuntime( 2066): at com.android.internal.os.ZygoteInit.main(ZygoteInit.java:597)
E/AndroidRuntime( 2066): at dalvik.system.NativeStart.main(Native Method)
I/Process ( 2066): Sending signal. PID: 2066 SIG: 9
I had a similar problem not long after going with the paid version. Simply clean and rebuild to update the references to the new monodroid library.
See also: http://www.mail-archive.com/monodroid@lists.ximian.com/msg00531.html