This known issue is in Windows 7. In Windows 8 this problem haven't appeared yet.
Firstly I would recommend to change your mongo installation path to path with folders names without gaps. For example, default mongo installation path is C:\program files\bla-bla... to avoid a wasting of time for looking for solutions of this issue, change your path to C:\mongo.. and make sure that you haven't names with gaps in your path.
After that install this hot-fix.
Another thing I suggest you to do: Create folder data\db in disc C.
You could also change your mongo work path each time you use mongo shell, but it's overwork by my modest opinion.
I've done these steps and my mongo has started to work.