Cannot Create New Volunteer Project in CiviCRM 4.7.0: Individual Profile for Registration Depopulates

Steps to Reproduce:

1. CiviCRM > Volunteers > New Volunteer Project
2. Enter a Project Title
3. Click either Continue or Save and Done
4. Notice that the Use For dropdown under Volunter Registration becomes empty
5. Try to select something in the Use For dropdown, and it immediately is cleared
6. Click either Continue or Save and Done
7. Receive warning message: (screenshots attached)

Workarounds:

There are no current workarounds for this issue, however, the following has been tried:

• Added an additional Profile, selected individual Registration, clicked Continue or Save and Done --> same warning message.
• Tried with and without Location specified

Version Information:

• CiviCRM (4.7.0)
• Angular Profiles Extension (4.6-1.0.1)
• CiviVolunteer (4.6-2.0.beta2, latest master)

This issue occurs in both Firefox and Chrome.