I am using: Microsoft Dynamics AX 2012 R3 CU11
This is a weird one. I am installing the Reporting Services Extensions. I have already installed the SQL Reporting Services Web Service and have it working:

Now I have started the install and get to the first validation check:

Everything passed.
A few more screens and I get to the second validation check:

and not the Microsoft SQL Server Reporting Web Service is in error?
I checked the log and it doesn't give me much to work with:
Checking for the existence of the registry key 'HKEY_LOCAL_MACHINE\SOFTWARE\Microsoft\Microsoft Sql Server\MSRS12.@Sharepoint'.
Success
11.0.0.0
@Sharepoint
Check failed.
The key is there:

But I don't know what is actually failing?
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