New Azure Storage Client not compatible with current Storage Emulator

Bad news. Azure Storage Client 3.0 and 3.0.1 is not compatible with Storage Emulator 2.2 (the current version). You will get a generic "The remote server returned an error: (400) Bad Request." on CreateIfNotExists().

No mention on releses https://github.com/WindowsAzure/azure-storage-net/blob/master/README.md
Info here: http://blogs.msdn.com/b/windowsazurestorage/archive/2013/11/27/windows-azure-storage-release-introducing-cors-json-minute-metrics-and-more.aspx

:(