HANA Studio rev 70 - "Server Not compatible"

I have a rev 70 HANA Developer instance on Amazon AWS and HANA Studio 70.   Under the Content folder there is a "Server not compatible" item (and I cannot create any content items).

Any ideas?

Server version info:

HDB version info:

  version:             1.00.70.00.386119

  branch:              NewDB100_REL

  git hash:            not set

  git merge time:      not set

  weekstone:           0000.00.0

  compile date:        2013-11-29 15:58:05

  compile host:        ld7270.wdf.sap.corp

  compile type:        opt

HANA Studio info:

SAP HANA Studio

Version: 1.0.7000

Build id:  386119

Downloaded from:  SAP | HANA Developer Edition