Error Immediately On Creating New Integration Services Project In VS2005

I am creating my first Integration Services project and am getting an
error immediately after creating the project. The error is in the
designer and it displays a red X, saying "Microsoft Visual Studio is
unable to load this document: Object reference not set to an instance
of an object". Clicking on the error in the error window just opens up
the xml file which contains the following:



<?xml version="1.0"?><DTS:Executable xmlnsTS="www.microsoft.com/
SqlServer/Dts" DTS:ExecutableType="MSDTS.Package.1"><DTSroperty
DTS:Name="PackageFormatVersion">2</DTSroperty><DTSroperty
DTS:Name="VersionComments"></DTSroperty><DTSroperty
DTS:Name="CreatorName">BNHO1mbell</DTSroperty><DTSroperty
DTS:Name="CreatorComputerName">BT4WKS1361</DTSroperty><DTSroperty
DTS:Name="CreationDate" DTSataType="7">8/14/2007 12:22:35 PM</
DTSroperty><DTSroperty DTS:Name="PackageType">5</
DTSroperty><DTSroperty DTS:Name="ProtectionLevel">1</
DTSroperty><DTSroperty DTS:Name="MaxConcurrentExecutables">-1</
DTSroperty><DTSroperty DTS:Name="PackagePriorityClass">0</
DTSroperty><DTSroperty DTS:Name="VersionMajor">1</
DTSroperty><DTSroperty DTS:Name="VersionMinor">0</
DTSroperty><DTSroperty DTS:Name="VersionBuild">0</
DTSroperty><DTSroperty
DTS:Name="VersionGUID">{834A3ADF-377D-4F01-88DC-1E0B5424B918}</
DTSroperty><DTSroperty DTS:Name="EnableConfig">0</
DTSroperty><DTSroperty DTS:Name="CheckpointFileName"></
DTSroperty><DTSroperty DTS:Name="SaveCheckpoints">0</
DTSroperty><DTSroperty DTS:Name="CheckpointUsage">0</
DTSroperty><DTSroperty DTS:Name="SuppressConfigurationWarnings">0</
DTSroperty><DTSroperty DTS:Name="ForceExecValue">0</
DTSroperty><DTSroperty DTS:Name="ExecValue" DTSataType="3">0</
DTSroperty><DTSroperty DTS:Name="ForceExecutionResult">-1</
DTSroperty><DTSroperty DTS:Name="Disabled">0</
DTSroperty><DTSroperty DTS:Name="FailPackageOnFailure">0</
DTSroperty><DTSroperty DTS:Name="FailParentOnFailure">0</
DTSroperty><DTSroperty DTS:Name="MaxErrorCount">1</
DTSroperty><DTSroperty DTS:Name="ISOLevel">1048576</
DTSroperty><DTSroperty DTS:Name="LocaleID">4105</
DTSroperty><DTSroperty DTS:Name="TransactionOption">1</
DTSroperty><DTSroperty DTS:Name="DelayValidation">0</DTSroperty>
<DTS:LoggingOptions><DTSroperty DTS:Name="LoggingMode">0</
DTSroperty><DTSroperty DTS:Name="FilterKind">1</
DTSroperty><DTSroperty DTS:Name="EventFilter" DTSataType="8"></
DTSroperty></DTS:LoggingOptions><DTSroperty
DTS:Name="ObjectName">Package</DTSroperty><DTSroperty
DTS:Name="DTSID">{433D7504-1A63-4960-86EB-8501C7A77A37}</
DTSroperty><DTSroperty DTS:Name="Description"></
DTSroperty><DTSroperty DTS:Name="CreationName">MSDTS.Package.1</
DTSroperty><DTSroperty DTS:Name="DisableEventHandlers">0</
DTSroperty></DTS:Executable>





I have VS2005 SP1, running WindowsXP SP2. Integration Services is
running on my machine, but I would think that this shouldn't matter
anyway as the error is happening before I have even indicated and data
source to use. If I take this xml file with the error and copy it to another new SSIS project on another machine, it works fine. Reinstalling VS2005 had no effect. I am now reinstalling SQL Server 2005 SP2 to see what effect that may have.





Any ideas?
Thanks,
Marcus