Hey Michael,
In gathering information to reply with I was able to figure out the problem.
It was looking for Python with cmd.exe saying 'bash: python command not found'
So I installed python 2.7 and added it to my path and everything compiled correctly.
That means,
1. The documentation for Windows/Visual Studio is out of date.
( just need to run gclient sync in the folder now, and reference gypfiles/all.sln instead of build/all.sln )
2. The all.sln is not using the local gclient version of python (depot_tools\python276_bin) and instead hoping the system has it.
Thank you for getting back to me!