SharePoint 2010, server 2012 and Powershell 3: Microsoft SharePoint is not supported with version 4.0.30319.17626 of the Microsoft .Net Runtime

If you are running SharePoint 2010 on a Server 2012 OS be aware of the current compatibilty issue that is identified with SharePoint Powershell and Powershell 3.

In order to make use of the powerfull powershell commands, all you need to do is switch the powershell version back to version 2.
Note: This will not uninstall version 3, it will simply launch a new powershell instance that uses version 2.

There I fixed it!

Information from Tom Van Gaever