Building query from the Query Builder and it is saved as .tsm in the Project Manager.
After opening up the .tsm and adding a new table into it, the following error is generated:
Incorrect syntax near `.
The identifier that starts with ODBC;DRIVER=SQL Server;SERVER=<SOME_SERVER>\<SOME_INSTANCE>;UID=sa;APP=Toad for Data Analysis Beta;WSID=<SOME_SERVER>;DATABASE=<SOME_DATABASE>;PWD is too long. Maximum length is 128.
Issue fixed in version 2.0.
The current commercial version can be downloaded at the Support Portal.