I'm answering my own question. I found this post after more thorough searching of the Sharp Architecture group, which was posted on April 7th:
Eric,
I hate to be the bearer of bad news but, this version DOES NOT
support VS 2010. Once v1.5 is
released, I will concentrate on VS
2010 support as well as migrations.
Then we are off to EF 4 support. While
I realize VS 2010 is coming on the
12th (or so I've heard), Billy and I
both felt that supporting two
templates was not a good idea given
the time maintaining one takes. With
that said, v1.5 will be the last
version to support VS 2008. All
future versions will support VS 2010
until another version comes out. Now
if you want to get it working and get
a wiki page together, I for one would
be most appreciative.
Cheers,
Alec Whittington