Hi Satish,
The time, date, and timezone are correct.
I tried removing all the Credential entries and retried with the same result.
Additionally, I uninstalled the client, removed the directory from Program Files and deleted the CRM reg tree below HKEY_Current_User\Software\Microsoft and HKEY_Local_Machine\Software\Microsoft, cleared browser cache, and deleted all temp files.
I am getting a different error in the log file. New log file:
15:28:51| Info| === Microsoft Dynamics CRM for Outlook Configuration Wizard logging started: 10/12/2013 3:28:51 PM ===
15:28:51|Verbose| Method entry: Microsoft.Crm.Application.Outlook.Config.ClientConfig.Initialize
15:28:51| Info| Client Configuration Wizard Version : 6.0.0000.0809
15:28:51| Info| Client Configuration Wizard LanguageID : 1033
15:28:51|Verbose| Method entry: Microsoft.Crm.Application.Outlook.Config.Validator.IsOutlookInitialized
15:28:51| Info| Query all rows in profile table
15:28:51| Info| Outlook is initialized
15:28:51|Verbose| Method exit: Microsoft.Crm.Application.Outlook.Config.Validator.IsOutlookInitialized
15:28:51| Info| Client Configuration Wizard Running Mode : Normal
15:28:51| Info| Configuration file Type : OnPremise.
15:28:51|Verbose| Method entry: Microsoft.Crm.Application.Outlook.Config.ConfigInfo.ConfigInfo
15:28:51|Verbose| Method entry: Microsoft.Crm.Application.Outlook.Config.OutlookCRMDatastoreInstaller.GetAllCRMOrgsInOutlookProfile
15:28:51| Info| Logon mapi store
15:28:51| Info| Logon admin service
15:28:51|Verbose| Method entry: Microsoft.Crm.Application.Outlook.Config.OutlookCRMDatastoreInstaller.GetServiceIds
15:28:51| Info| Query all rows in msg service table
15:28:51|Verbose| Method exit: Microsoft.Crm.Application.Outlook.Config.OutlookCRMDatastoreInstaller.GetServiceIds
15:28:51|Verbose| Method entry: Microsoft.Crm.Application.Outlook.Config.ConfigInfo.CleanUpDatastoreIfNeeded
15:28:51|Verbose| Method exit: Microsoft.Crm.Application.Outlook.Config.ConfigInfo.CleanUpDatastoreIfNeeded
15:28:51|Verbose| Method exit: Microsoft.Crm.Application.Outlook.Config.ConfigInfo.ConfigInfo
15:28:51|Verbose| Method entry: Microsoft.Crm.Application.Outlook.Config.ServerForm.ServerForm
15:28:51|Verbose| Method exit: Microsoft.Crm.Application.Outlook.Config.ServerForm.ServerForm
15:28:51|Verbose| Method entry: Microsoft.Crm.Application.Outlook.Config.ServerForm.SetUIData
15:28:51|Verbose| Method exit: Microsoft.Crm.Application.Outlook.Config.ServerForm.LoadAvailableUrls
15:28:51|Verbose| Method exit: Microsoft.Crm.Application.Outlook.Config.ServerForm.LoadAvailableUrls
15:28:51|Verbose| Method exit: Microsoft.Crm.Application.Outlook.Config.ServerForm.SetUIData
15:28:56|Verbose| Method entry: Microsoft.Crm.Application.Outlook.Config.ServerForm._testConnectionButton_Click
15:28:56|Verbose| Method entry: Microsoft.Crm.Application.Outlook.Config.ServerForm.TestConnection
15:28:56|Verbose| Method exit: Microsoft.Crm.Application.Outlook.Config.ServerForm.TestConnection
15:28:56|Verbose| Method exit: Microsoft.Crm.Application.Outlook.Config.ServerForm._testConnectionButton_Click
15:29:18| Info| Fill organization comboBox with server information.
15:29:25|Verbose| Method entry: Microsoft.Crm.Application.Outlook.Config.ServerForm.TestConnection
15:29:25|Verbose| Method exit: Microsoft.Crm.Application.Outlook.Config.ServerForm.TestConnection
15:30:22| Info| Fill organization comboBox with server information.
15:30:24|Verbose| Method entry: Microsoft.Crm.Application.Outlook.Config.ServerForm._okButton_Click
15:30:24|Verbose| Method exit: Microsoft.Crm.Application.Outlook.Config.ServerForm._okButton_Click
15:30:26| Error| Exception : Object reference not set to an instance of an object. at Microsoft.Crm.Passport.IdCrl.OnlineServicesFederationLogOnManager.GetBrowserClientAuthInfo(String redirectEndpoint, String partner, String policy, String& postData)
at Microsoft.Crm.Outlook.ClientAuth.PassportAuthProvider`1.SignIn()
at Microsoft.Crm.Outlook.ClientAuth.ClientAuthProvidersFactory`1.SignIn(Uri endPoint, Credential credentials, AuthUIMode uiMode, IClientOrganizationContext context, Form parentWindow, Boolean retryOnError)
at Microsoft.Crm.Outlook.ClientAuth.ClientAuthProvidersFactory`1.GetAuthProvider(Uri endPoint, Credential credentials, AuthUIMode uiMode, Uri webEndPoint, IClientOrganizationContext context, Form parentWindow)
at Microsoft.Crm.Application.Outlook.Config.ServerInfo.LoadUserId()
at Microsoft.Crm.Application.Outlook.Config.ServerInfo.Initialize(Uri discoveryUri, OrganizationDetail selectedOrg, String displayName, Boolean isPrimary)
at Microsoft.Crm.Application.Outlook.Config.ServerForm.LoadDataToServerInfo()
at Microsoft.Crm.Application.Outlook.Config.ServerForm.<InitializeBackgroundWorkers>b__2(Object sender, DoWorkEventArgs e)
at System.ComponentModel.BackgroundWorker.WorkerThreadStart(Object argument)