Windows 7 64bit OpenVPN 2.3_rc1 x86_64-w64-mingw32
If the client configuration file contains "ip-win32 netsh", OpenVPN issue the following system command : c:\windows\system32\netsh.exe interface ip set address Local Area Connection 2 static 10.8.0.6 255.255.255.252
The command fails when the interface name contains spaces, so it must be surrounded by double-quotes : "Local Area Connection 2"
Workaround : rename the interface to something without spaces.