Selecting 'All Schemas' for a Team project (use subfolders) results in a long delay and then does not complete the folder structure in Team Foundation Server (TFS) (4310790)

In Team Coding | Add a Team Project, selecting 'All Schemas' for the project (use subfolders) results in a long delay and then does not complete the folder structure in Team Foundation Server. i.e. Toad should create the following folder structure, within TFS, with all object types for each schema:

DBNAME --
    -- SCHEMA1
         -- CONSTRAINT
         -- FUNCTION
         -- INDEX
         -- ...
         -- VIEW
    -- SCHEMA2
        ....
Toad will not create some SCHEMA folders and/or subfolders for the object types.