You basically don't have something installed. That's why you get this error. I am very sure that you need to install the VS MVC project type - either MVC 2 or MVC 3. Use The Web Plaform Installer to install. The web platform installer can be found here: http://www.microsoft.com/web/downloads/platform.aspx. Once you have installed it (it is only 2MB) you need to search for "MVC", install the MVC 2 and MVC 3 project templates.
You also can get answer in this link: http://stackoverflow.com/questions/8563325/mvc-project-on-vs2010-error-the-project-type-is-not-supported-by-this-installa