Method Not Supported Error When Trying To Create New Report Model

I'm trying to create a few report models in Visual Studio to demonstrate the Report Builder tool and I'm encountering an issue when I try to generate a Report Model.

I get the error message "Specified Method Is Not Supported" when I click Finish on the Report Model wizard. The error detail is:

===================================
Specified method is not supported. (Microsoft Visual Studio)
------------------------------
Program Location:
at Microsoft.ReportingServices.ModelDesigner.Wizards.ChooseSemanticModelName.CreateSqlDsvStatisticsProvider(IDbConnection connection)
at Microsoft.ReportingServices.ModelDesigner.Wizards.ChooseSemanticModelName.BuildModel()



Steps to reproduce:
1. Create a new Report Model project in Visual Studio 2005 against SQL Server 2005
2. Create a new data source. The data source was tested and works correctly
3. Create a new data source view. The data source view was also tested (clicked on Explore Data) and I was able to look at the data in the view
4. Right-click on Report Models and select "Add New Report Model"
5. Click next at the welcome screen
6. Select the data source view created in #3
7. Leave the selected options for report model generation rules for creating the data source view
(Create Entities for all Tables, Create Count Aggregates, Create Attributes, Create Attributes for auto-increment columns, Create date variations, Create numeric aggregates, Create date aggregates, Create roles were all selected)
8. Click next
9. Select Update Model Statistics Before Generating (default option)
10. Click next
11. Click Run

Once I click run it processes for approx 3 seconds and then returns the error above.

If anyone could help me I'd appreciate it. Microsoft hasn't published any details on the namespace and I'm not sure why I'd be getting the error I am.

Thanks in advane,
Maurice