Error creating databases when "Show system objects" option is turned off : "Index was out of rang (4220874)

User has Database | SQL Server | "Show system objects" option turned off. He connects to an instance with no existing databases. He clicks on Create a Database icon in Object Explorer and below error occurs.

"Exception: System.ArgumentOutOfRangeException
Message : Index was out of range. Must be non-negative and less than the
size of the collection.
Parameter name: index
Stack Trace:
at System.ThrowHelper.ThrowArgumentOutOfRangeException(ExceptionArgument
argument, ExceptionResource resource)
at System.ThrowHelper.ThrowArgumentOutOfRangeException()
at System.Collections.Generic.List`1.get_Item(Int32 index)
at Quest.FastData.FastTable.RowCollection.GetFastRow(FastTable fastTable,
Int32 index)"
 

WORKAROUND:
Turn on above option temporarily to create the database and then turn it off.

STATUS:
Waiting for fix to be released in a future version of Toad for SQL Server.