The value of the property siteDisplayName is invalid - it contains "_".
Vote:
When starting the site in Visual Studio you can get an error saying "The value of the property siteDisplayName is invalid.".
The most common cause of this is that you have used "illegal" chracters in the project name, e.g. underscore (_). The project name "EPiServer_CMS" will for example give you an error.
Solution:
Change the name of the siteDisplayName-attribute inside web.config to a valid name.