Sheet metal sketch transformation

SW2007 Sheet metal

I seem to remember seeing this working sometime about Beta2 or so, but now I
can't get anything to happen. I tried to follow the Help or the What's New,
but I never get a Sketch Transformation folder no matter how I've created
the part. Can anyone get it to work?

WT

 

Works just fine for me. Had to install from the DVD due to some
download install stability issues.

Jeff

 

How about sending me a part that demonstrates it - I must be missing
something obvious then.

WT

 

I see what's happening, but don't know why yet.

I wasn't able to see it happen because I kept using the sketches to actually
cut holes! Turns out that sketches do act as advertised, but as soon as I
used the sketch to cut holes, the transform folder disappeared. What's the
point? Is there a reason this is like this? Must be some point here...

WT