I had restored a backup of a SQL 2000 database into SQL Server 2008 Express.  When I created a second database in the same SQL Server 2008 Express instance, and created a user for that database, that user would get this error when trying to expand the Object Explorer->Databases node:

--
Failed to retrieve data for this request. (Microsoft.SqlServer.Management.Sdk.Sfc)

For help, click: http://go.microsoft.com/fwlink?ProdName=Microsoft+SQL+Server&LinkId=20476

An exception occurred while executing a Transact-SQL statement or batch. (Microsoft.SqlServer.ConnectionInfo)

The server principal "username" is not able to access the database "dbname" under the current security context. (Microsoft SQL Server, Error: 916)

For help, click: http://go.microsoft.com/fwlink?ProdName=Microsoft+SQL+Server&ProdVer=10.00.1600&EvtSrc=MSSQLServer&EvtID=916&LinkId=20476
--

There is a knowledge base article on this issue here: KB956179

There is some additional information here: http://www.orcsweb.com/blog/post/The-server-principal-A-is-not-able-to-access-the-database-B-under-the-current-security-context-(Microsoft-SQL-Server-Error916).aspx

This seems like a relatively easy bug to hit and it took me too long to google up the answer, so I'm hoping this blog post helps other people find an answer more quickly.