I found when trying to create a new project it failed to create the directory. You have to create C:\Program Files (x86)\Microsoft\Learning\LCDSc\courses manually.
Thanks for your post. I was looking for the "courses" folder on my Windows 2008 x64 computer and I couldn't find it. The odd thing is that I saved a course and I am able to open it back up.
I am still only able to publish it to a Media Map (CSV) file. Well I will try to figure that out now.