after successful installation magento is throwing 404 error on frontend as well as backend .htaccess file is in /root directory I also moved pub/.htaccess to see whether it works as mentioned on stackenghange.
I'm having exactly the same issue
I[m getting the same. I was with Magento 2.0 so was pleased to see Magento 2.1 because its shuch an obvious fail i was sure others would get it too and it would be fixed, but it wasn't. All you do is a standard install, nothing fancy.
I got it fixed the same day, the problem was with server configurations. you should try it in wamp instead of xampp