I have crosswalk 3.3 and ModTool 7.5; with ModTool 6, I had no problems with FBX export at all, but that is no longer the case!

My exported FBX models lose both textures and projections.  For a simple test, try exporting a textured sphere (with frozen spherical projection) as an FBX with Embed Textures checked, then import that same FBX, and note that even in XSI it no longer has a texture.  In an XNA project, even forcing a texture on the model results in an incorrect projection being used.  Has anyone gotten FBX export to work with embedded textures and maintaining texture projections?

Worked fine for me; except I didn’t freeze the texture projection.