Since you are using the FT232 for serial communication, that is the COM port you need to select in the IDE.
I can't even change the serial/com port. It's grayed out. I'm assuming because the drivers aren't loading properly for some reason. I have tried numerous instruction sets thinking I was doing something wrong, but I do exactly what they say (at least I believe I have done that).
I've contacted the FTDI tech support and a guy, named Cameron, said that Windows 8 drivers won't be scheduled for release until next week. I guess I will have to wait until then. Or I could just install the IDE and board drivers on my desktop (windows 7 platform), but I eventually need them on my laptop.
To make sure you have the correct one, you can open Device Manager/Ports and see which one comes and goes when you plug/unplug the board.
I have done that and am aware of what port is activated. I try to update the drivers for that device in hardware manager and windows says it doesn't recognized either the WHQL certified one or the the ERW version drivers. It's weird. I guess it's just another reason to dislike windows 8

. I got to familiarize myself with the differences and capabilities. Anywho, thanks, but it looks like I'm dead in the water for my laptop to interface with the boards...unless I reformat Windows 8 with Windows 7.... Nah, I'll wait for FTDI's Win8 release.

Thanks for all your guys' help though. When windows 8 drivers are released, hopefully that will fix my issue. Thanks again.