When I right click on the indexes folder in the table the "New Index" menu item is grayed out. I don't understand why. I've deleted all data in the table just in case, and refreshed and restarted SSMS, but no luck. I'm using SQL Server 2012 Business Intelligence SP1 CTP.
Solution: Close your table designers and database diagrams and try again. If that doesn't help, close all windows in Management Studio.
Cause: The "New Index" option gets disabled when the table is schema-locked by the designer window.