Problem:
I was trying to create external content type using SharePoint Designer and got error message after installation of beta 2 and can not create external content type using SPD.
Workaround:
1) Start BCS service on server farm if it is stopped. [SharePoint Central Administration -> Services on Server]
2) Now you will need to create BCS service for your web application.
[SharePoint Central Administration -> Application Management -> Manage Service Application -> Create New BCS Service.]
3) Now check it through SharePoint Designer, It should work.
Hope this will help.
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Nice Post, but it doesn’t work for me, i have configured mixed mode in my sharepoint site (classic and fba), when i create a new site whit classic mode it works (from SPD – External Content Type) some help will be appreciated.