Index: Project.php
===================================================================
--- Project.php	(revision 16020)
+++ Project.php	(working copy)
@@ -56,22 +56,24 @@
         }
 
         $profile = $this->_loadProfile(self::NO_PROFILE_RETURN_FALSE, $path);
-
-        if ($profile !== false) {
-            require_once 'Zend/Tool/Framework/Client/Exception.php';
-            throw new Zend_Tool_Framework_Client_Exception('A project already exists here');
-        }
-
-        $newProfile = new Zend_Tool_Project_Profile(array(
-            'projectDirectory' => $path,
-            'profileData' => $this->_getDefaultProfile()
+		
+		if (!$this->_loadProfile(self::NO_PROFILE_RETURN_FALSE, $path)) {
+			$newProfile = new Zend_Tool_Project_Profile(array(
+            	'projectDirectory' => $path,
+            	'profileData' => $this->_getDefaultProfile()
             ));
-
-        $newProfile->loadFromData();
+			$newProfile->loadFromData();
+			
+			$this->_loadedProfile = $newProfile;
+		}
         
         $this->_registry->getResponse()->appendContent('Creating project at ' . $path);
 
-        foreach ($newProfile->getIterator() as $resource) {
+        foreach ($this->_loadedProfile->getIterator() as $resource) {
+        	if ($resource->exists()) {
+				require_once 'Zend/Tool/Framework/Client/Exception.php';
+				throw new Zend_Tool_Framework_Client_Exception('A ' . $resource->getName() . ' already exists here. Project seems to exists already');
+        	}
             $resource->create();
         }
     }