Failed to find the current TS configuration path (0x80070003)

When capturing Windows 7 SP1 on VMware with a VMXNET3 network onboard, the following error is displayed during Capture media:
-Unable to read task sequence configuration disk
-ConvertBootToLogicalPath failed to convert 'MULTI(0)DISK(0)RDISK(0)PARTITION(2)\_SMSTASKSEQUENCE\WINPE\SOURCES\BOOT.WIM' (0x80070003)
-Failed to find the current TS configuration path
-Failed to find the configuration path. The system cannot find the path specified. (Error: 80070003; Source: Windows)
-Execution failed with error 80070003

This because of the following configuration:
-VMXNET3 Network device in virtual machine
-VMware Tools installed/running in virtual machine
-VMXNET3 Ethernet Adapter driver missing in boot image
-VMware PVSCSI Controller driver missing in boot image

Just use a virtual machine with Intel E1000 or VMXNET3 Network, and uninstall VMware Tools when installed/running. Make sure that both VMware Ethernet and PVSCSI drivers are installed in the boot image(s) used for Capture media.

After that you will be fine!