Ok well i feel like an idiot need to pay more attention
I'm trying to run the instance from Sydney, which as of yet has no G2 instances available.
please disregard my previous post.
I too am having the same timeout issues, i was trying to connect last night and was getting timeouts (it did successfully connect once) I shutdown the machine last night and upon powering it up this morning the TCPSVC.exe service command line no longer contains a GUID.