Qt Visual Studio Add-in 1.1.0 doesn't parse QTDIR correctly in a project with SUBDIRs

--- (Import): Generating new project of graphicsview.pro file
--- (qmake) : Using: c:\qt\4.5.2\bin\qmake
--- (qmake) : Working Directory: C:\depot\graphicsview
--- (qmake) : Arguments: -spec $(QTDIR)\mkspecs\win32-msvc2008 -tp vc "graphicsview.pro" -o "graphicsview.vcproj" QMAKE_INCDIR_QT=$(QTDIR)\include QMAKE_LIBDIR_QT=  QMAKE_LIBDIR=$(QTDIR)\lib QMAKE_UIC=_(QTDIR)\bin\uic.exe QMAKE_MOC=_(QTDIR)\bin\moc.exe QMAKE_RCC=_(QTDIR)\bin\rcc.exe QMAKE_QMAKE=$(QTDIR)\bin\qmake.exe

[1] - WARNING: Ignored (not found) 'C:/depot/graphicsview/elasticnodes\elasticnodes.vcproj'
[2] - WARNING: Ignored (not found) 'C:/depot/graphicsview/collidingmice\collidingmice.vcproj'
[3] - WARNING: Ignored (not found) 'C:/depot/graphicsview/diagramscene\diagramscene.vcproj'
[4] - WARNING: Ignored (not found) 'C:/depot/graphicsview/dragdroprobot\dragdroprobot.vcproj'
[5] - WARNING: Ignored (not found) 'C:/depot/graphicsview/padnavigator\padnavigator.vcproj'
[6] - WARNING: Ignored (not found) 'C:/depot/graphicsview/basicgraphicslayouts\basicgraphicslayouts.vcproj'
[7] - WARNING: Ignored (not found) 'C:/depot/graphicsview/portedcanvas\portedcanvas.vcproj'
[8] - WARNING: Ignored (not found) 'C:/depot/graphicsview/portedasteroids\portedasteroids.vcproj'

--- (Import): Error(s): 8
--- (qmake) : Exit Code: 0

--- (Import): Generated project could not be loaded.
--- (Import): Please look in the output above for errors and warnings.