When you create a project from template it just creates the entry on the left called “[Client Name]”. If you want to change it you can double click it to get the projects summary screen where you can change the name.
Does it create the “[Client Name]” entry?
Yes, that is what it did on 1.0, but on 1.5 I cannot create a new project at all, and the sample project does not show up. No, it did not create the [Client Name] entry.