This doesn't work with Powershell ISE. I've pasted in the "target" above, but it was set to exactly that before.
The correct information is that one can't run Powershell ISE version 2 after version 3 is installed (so on the 2012 server I use, this can't be done). Here is a relevant link: http://stackoverflow.com/questions/18919862/start-powershell-ise-with-the-2-0-runtimehttps://stackoverflow.com/questions/18919862/start-powershell-ise-with-the-2-0-runtime