This is not necessarily specific to Hyper-V, other MMC snap-in's won't open as well. This issue occurs after an update to .net.
Here is the error message:
MMC could not create the snap-in. The snap-in might not have been installed correctly.
Name: Hyper-V Manager
CLSID: FX:{922180d7-b74e-45f6-8c74-4b560cc100a5} <<--or some such number.
Here is the fix:
- Remove .net 3.5 from your computer