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In Mail/ToDo, I press the ToDo button to create a new todo. I enter the info and designate the calendar (this will be an OF associated calendar). That's it.

In OF I sync with iCal, then go to the inBox and there is the todo I just created in Mail. All I have to do now is add a project. I think it may be possible to designate the project in the todo title when in Mail, not sure since I never use that feature, if it exists.