Intellij IDEA Jetgroovy and Grails 1.1 Beta 1

I'm having problems getting Intellij IDEA to recognize my Grails 1.1 beta 1 grails install.  When I try to point my project Grails SDK to it, it scans the files and then reverts to say no Grails SDK is configured.  It does work however with the 1.0.4 binary distribution.

Anyone seen something similar?

Thanks,
Mike