Type tool / Essential Graphics Text not working.

Hi there! I'm trying to get this new Type Tool in Essential graphics to work, but I'm not getting it to work. (Premiere Pro 2017.1) Which really bums me out because this is exactly the type of change I have wanted for handling text in Premiere. Is there some setting I'm unaware of?

Here's exactly what I do:

1. I switch to Graphics layout.

2. I place the playhead over a clip, and select it for good measure. The clip shows up in the program monitor.

3. I select the "T" icon (TypeTool).

4. I click in the program monitor. A new clip named "Graphics" shows up on the timeline.

5. I try to write, but that just activates keyboard shortcuts. I.e. if I where to try to start writing "variety" I would get the Selection Tool, since that's mapped to V.

I've tried this many times, with no luck. Creating an ellipse or a rectangle work fine though. I can choose "New Item" in the Graphics clip an ellipse or rectangle shows up fine, but as before nothing happens when I press New Item->Text in the Graphics clip either. So regardless with what I've tried I'm still stuck with the old legacy titling window.

What am I doing wrong?

Thanks for your help!

/R