I had installed SQL Server 2008 R2 on windows 7, but could not able to connect to the report server at http://MyServer:8080/Reports
Try doing the following things Go to Reporting Services Conf. Manager.
1. Change the server account to local account.
2. Remove the SSL if configured.
3. Go to C:\Program Files\Microsoft SQL Server\MSRS10_50.MSSQLSERVER\Reporting Services\ReportServer
4. Change the SecureConnectionLevel value to 0 in rsreportserver.config
Try refreshing the page, it should work now!