Project Manager not creating Projects.xml
I've installed the 4.2.1650.0 Project Manager and it doesn't detect my old project which is fine. I was going to upgrade the old project but when I create a new one it never seems to create the projects xml file. And to be sure when I close the Project Manager and reopen it it forgets my recently created project.
I had the same problem read here; http://www.sitefinity.com/devnet/forums/sitefinity-4-x/general-discussions/project-not-saved.aspx
Hope this helps.