The V2 beta 1 MBF installer will install .CSproj files to your machine, however the references are set to the wrong .dll's. If you open the project from the beta you will be missing references.
We are tracking this under TFS item 28559 - you can manually correct the binaries or remove the .csproj file as noted in the work item.
I am posting because I thought this visibility would help prevent any initial frustrations in getting this working.
Comunity Program Manager MBF