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In Netbeans 5.0 RC 2, when attempting to create a new project, if the location to create the project folder is on a local removable drive (i.e. a USB flash drive), then Netbeans creates the project folder in the drive, but no sub- folders or files. Just an empty folder. The text fields of the dialog can still be edited, and the browse button is still enabled, but all buttons along the bottom are disabled except for Help, which also works (opens the help documents). I have seen this occur with the project type "Java Application" under Generic, but have not tested this with any other project types.
The workaround is to map the removable device to some Windows drive with some letter assigned. If the drive has assigned letter and you create a project on a disk with given letter rather than on UNC path it should work fine. *** This issue has been marked as a duplicate of 46813 ***