run the batch file which worked with all previous versions - This came up:

Loading minecraft_server.jar into java...
ERROR StatusLogger Unrecognized format specifier [d]
ERROR StatusLogger Unrecognized conversion specifier [d] starting at position 16
in conversion pattern.
ERROR StatusLogger Unrecognized format specifier [thread]
ERROR StatusLogger Unrecognized conversion specifier [thread] starting at positi
on 25 in conversion pattern.
ERROR StatusLogger Unrecognized format specifier [level]
ERROR StatusLogger Unrecognized conversion specifier [level] starting at positio
n 35 in conversion pattern.
ERROR StatusLogger Unrecognized format specifier [logger]
ERROR StatusLogger Unrecognized conversion specifier [logger] starting at positi
on 47 in conversion pattern.
ERROR StatusLogger Unrecognized format specifier [msg]
ERROR StatusLogger Unrecognized conversion specifier [msg] starting at position
54 in conversion pattern.
ERROR StatusLogger Unrecognized format specifier [n]
ERROR StatusLogger Unrecognized conversion specifier [n] starting at position 56
in conversion pattern.
ERROR StatusLogger Unrecognized format specifier [d]
ERROR StatusLogger Unrecognized conversion specifier [d] starting at position 16
in conversion pattern.
ERROR StatusLogger Unrecognized format specifier [thread]
ERROR StatusLogger Unrecognized conversion specifier [thread] starting at positi
on 25 in conversion pattern.
ERROR StatusLogger Unrecognized format specifier [level]
ERROR StatusLogger Unrecognized conversion specifier [level] starting at positio
n 35 in conversion pattern.
ERROR StatusLogger Unrecognized format specifier [logger]
ERROR StatusLogger Unrecognized conversion specifier [logger] starting at positi
on 47 in conversion pattern.
ERROR StatusLogger Unrecognized format specifier [msg]
ERROR StatusLogger Unrecognized conversion specifier [msg] starting at position
54 in conversion pattern.
ERROR StatusLogger Unrecognized format specifier [n]
ERROR StatusLogger Unrecognized conversion specifier [n] starting at position 56
in conversion pattern.

------------------------------------------------

Batch File:

@echo off
Echo Loading minecraft_server.jar into java...
java -Xmx1024M -Xms1024M -jar minecraft_server.jar nogui
Echo Server successfully exited.
pause

----------------------------------------

server.properties

#Minecraft server properties
#Wed Jul 02 09:53:34 CDT 2014
generator-settings=
op-permission-level=4
allow-nether=true
level-name=World-14w27a
enable-query=false
allow-flight=true
announce-player-achievements=true
server-port=25565
max-world-size=29999984
level-type=DEFAULT
enable-rcon=false
force-gamemode=true
level-seed=
server-ip=
max-build-height=256
spawn-npcs=true
white-list=false
spawn-animals=true
snooper-enabled=true
hardcore=false
texture-pack=
online-mode=true
resource-pack=
pvp=false
difficulty=1
enable-command-block=true
player-idle-timeout=0
gamemode=0
max-players=12
spawn-monsters=true
generate-structures=true
view-distance=10
spawn-protection=16
motd=\u00A7bMC\u00A73 14w27a\u00A79 Snapshot!!\u00A7f