SQL 2012 - Convert BIDS project and DTUTIL cannot load the package

SQL 2012 - Convert BIDS project and DTUTIL cannot load the package

I just converted a really simple 2008 BIDS project to 2012 and 2012 dtutil will not load it. Tried 32 bit and 64 bit dtutil.  

Get the following error message.

'count not load package "c:\temp\SSISPackage.dtsx" because of error 0x80131534. Description: the package failed to load due to error 0x80131534 "<null>". This occurs when CPackage::LoadfromXML fails.

I can Import the package in SQL Manager, and I can deploy it using the manifest and the deployment wizard. But DTUTIL chokes on it. It is the dtsx right from 2012 Bids build.

Anybody thoughts? I am really frustrated.

dtutil /DestS ficertx2x /FILE C:\temp\Release\2012\CreateSSISPackage.dtsx  /COPY SQL;/MYTestPackage /QUIET