Bug 39272 Java Model Exception when creating a project from scratch
I launched Eclipse 2.1 from a brand new Workspace and from there, created a Java project (called "Works") by pointing Eclipse to the root of my project. The process fails after a short while (whether I press Next or Finish after the first page of the wizard) with a dialog telling me to look at the log. I included the top of the log below (it's about 8k, I can post it in its entirety if there's interest). The error is Java Model Exception: Java Model Status [Works does not exist.] I get the same problem with Eclipse 3.0 M1: I can't create a new project.
org.eclipse.jdt.ui/ui/org/eclipse/jdt/internal/ui/wizards/buildpaths/BuildPathsBlock.java
* Validates the build path.
	 */
	public void updateClassPathStatus() {
		fClassPathStatus.setOK();
		
		List elements= fClassPathList.getElements();
	
		CPListElement entryMissing= null;
		int nEntriesMissing= 0;
		IClasspathEntry[] entries= new IClasspathEntry[elements.size()];
		for (int i= elements.size()-1 ; i >= 0 ; i--) {
			CPListElement currElement= (CPListElement)elements.get(i);
			boolean isChecked= fClassPathList.isChecked(currElement);
			if (currElement.getEntryKind() == IClasspathEntry.CPE_SOURCE) {
				if (!isChecked) {
					fClassPathList.setCheckedWithoutUpdate(currElement, true);
				}
			} else {
				currElement.setExported(isChecked);
			}
			entries[i]= currElement.getClasspathEntry();
			if (currElement.isMissing()) {
				nEntriesMissing++;
				if (entryMissing == null) {
					entryMissing= currElement;
				}
			}
		}
				
		if (nEntriesMissing > 0) {