In case this helps anyone:
I had a similar issue, and following Nates instructions I added:
<system.web>
<customErrors mode="Off"/>
</system.web>
This showed me more information about the error:
"ExceptionMessage": "Unable to load the specified metadata resource.", "ExceptionType": "System.Data.Entity.Core.MetadataException", "StackTrace": " at System.Data.Entity.Core.Metadata.Edm.MetadataArtifactLoaderCompositeResource.LoadResources(...
This is when I remembered that I had moved the edmx file to a different location and had forgotten to change the connectionstrings node in the config (connectionsstrings node was placed in a seperate file using "configSource", but that's another story).