Bugreport - ansible template task fails with Errno 26 when run in a ubuntu/trusty64 host via vagrant from a windows 7 x64 host

ansible.cfg

[default]
hostfile = hosts.ini

bootstrap.sh

#!/bin/bash
#ifconfig | grep inet
if [[ $(which ansible) == "" ]]; then
	sudo apt-get install software-properties-common --yes || exit $?
	sudo apt-add-repository ppa:ansible/ansible --yes || exit $?
	sudo apt-get update || exit $?
	sudo apt-get upgrade --yes || exit $?
	sudo apt-get install ansible --yes || exit $?
	sudo apt-get upgrade ansible --yes || exit $?
fi
cd /vagrant/ || exit $?
DEFAULT_HOSTS_FILE=/etc/ansible/hosts
if [[ -f $DEFAULT_HOSTS_FILE ]]; then
   # to fix error ERROR: Unable to find an inventory file, specify one with -i ?
   sudo rm $DEFAULT_HOSTS_FILE
fi
# ERROR: The file hosts.ini is marked as executable, but failed to execute correctly. If this is not supposed to be an executable script, correct this with `chmod -x hosts.ini`. 
# on windows every file is executable :(
LOCAL_ANSIBLE_DIR=~/ansible
if [[ -d $LOCAL_ANSIBLE_DIR ]]; then
   rm -rf $LOCAL_ANSIBLE_DIR
fi
cp . $LOCAL_ANSIBLE_DIR -R
find $LOCAL_ANSIBLE_DIR -type f | xargs chmod -x
cd $LOCAL_ANSIBLE_DIR
sudo ansible-playbook box.yml -i hosts.ini 

box.yml

---
- hosts: localhost
  tasks:

  - shell: cp hello.txt.j2 /vagrant/hello.shell.cp.txt  # passes

  - template: src=hello.txt.j2 dest=/vagrant/hello.template.txt # fails

hello.txt.j2

Hello World from an Ansible template!

hosts.ini

localhost	ansible_connection=local

Vagrantfile

# -*- mode: ruby -*-
ENV['VAGRANT_DEFAULT_PROVIDER'] = 'virtualbox'

Vagrant.configure(2) do |config|
  config.vm.box = "ubuntu/trusty64"
  config.vm.provision "shell", path: "bootstrap.sh"

   config.vm.provider "virtualbox" do |vb|
     vb.gui = true
     vb.memory = "1024"
   end
end