A generic error occurred in GDI+

When I publish the nopCommerce and copy the deployable package into IIS it gives me the following error:

Server Error in '/WNC' Application.
--------------------------------------------------------------------------------

A generic error occurred in GDI+.
Description: An unhandled exception occurred during the execution of the current web request. Please review the stack trace for more information about the error and where it originated in the code.

Exception Details: System.Runtime.InteropServices.ExternalException: A generic error occurred in GDI+.

Source Error:


Line 11:         <div class="clear">
Line 12:         </div>
Line 13:         @Html.Action("HomepageProducts", "Catalog")
Line 14:         <div class="clear">
Line 15:         </div>


Source File: c:\inetpub\wwwroot\Water_nopCommerce\Views\Home\Index.cshtml    Line: 13

Stack Trace:

Sounds like /Content/images is not writable.  The only thing I think that GDI+ is involved with is creating appropriately sized thumbnails.