Bootloading Atmega328p-pu with USBTiny AVR Pocket Programmer

OK,
I can upload the Blink.cpp.hex using avrdude through the AVR Pocket Programmer, BUT I still cannot get it from the Arduino 1.0 interface through the FT232R USB breakout board.
Either way, I seem to have a path that works, not the most convenient, but works.

Now, however, the LED seems to blink about 10 times slower than the 1 sec delay in the program.

Now, can someone tell me why this is?

Thanks,