Yes, PSoC rocks!
Bill, are you saying that you hacked in to the FTK to use the USB functionality. What was the firmware that you burnt in to PSoC5 device?
I hacked the board to bring out the USB pins for the PSoC5 to a seperate connector per the above forum entry. The smaller micro (FTK?) used to manage the program interface is left untouched. I programmed the PSoC with the minimalist program found in the USB suite: USB_Bulk_Wraparound. Except for retargeting that code from PSoC3 to PSoC5, I have not changed anything.
This could possibly be due to the voltage configuration of the board. In your code you might have initialised PSoC to operate at 5V and the board might be operating at 3.3V or vice-versa. For voltage selection there is a jumper on the First Touch Kit i guess. Can you flip this jumper and give it a shot(or you can flip the settings in the code).
If you have a CY8CKIT-001 or 030 or 050 you could try the code to make sure that code works fine. And by the way, are you sure SuiteUSB provides code for PSoC3 ?