After closing and re-opening the client, now when I right click and Edit on the project node, I get the following errors.
Unable to export Analysis Services Project node Dynamics AX Inventory
A copy of the Analysis Services project is saved to . After you finish editing the project, you can import it into the AOT. Under the Visual Studio Projects node, right-click Analysis Services Projects and then click Import.
It seems that the default project directory is blank. It's not clear where that is stored or configured. The code that determines that is in a .NET assembly external to the AOT.