Joomla! Installation Problem -- Strict Standards: ... cache.php on line 420

After installing the Joomla! version 1.7 on xampp, the following messages was generated on my site:

Strict Standards: Accessing static property JCache::$_handler as non static in D:\xampp\htdocs\joomla\libraries\joomla\cache\cache.php on line 420

Following was solution posted on Joomla! Forum:

Open Joomla admin
go to global configuration and server
please change error reporting to SIMPLE (instead of none, as mentioned there).

It solved the issue so far. See more info on the discussion on this issue on Joomla Forum.