Since you are using the FT232 for serial communication, that is the COM port you need to select in the IDE.
You indicated you downloaded and installed the VCP drivers from FTDI. After doing that, you should see a COM port in device manager associated with the FT232 board when it is plugged in.
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.
One you know what COM port to select in the IDE, then you need to select the board type. It look like the Bare Board is loaded with the Duemilanove bootloader. So you need to select Duemilanove as the board type.
You should be able to upload a new sketch at this point, if everything is connected up properly.
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.
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 :P. 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.
I had a problem with arduino uno.It came with a blink sketch uploaded in it.When ever i connected uno with pc there was no notification sound and no unknown device in device manager.In a single sentence uno was not communicating with pc, but L led blinks continuously even after reset.After 15 hours of experiment I found a trick and after then uno works normally.uploaded different sketch without any error.Whoever faced this problem can contact me on e-mail/facebook.My email-snehashis.adhikari.007@gmail.com
Thanks for all your guys' help though. When windows 8 drivers are released, hopefully that will fix my issue. Thanks again.