As of this morning, with Angular CLI 1.0.0-beta.14 I ng new try3 and ng serve and get the following error:
Invalid configuration object. Webpack has been initialised using a configuration object that does not match the API schema.
 - configuration has an unknown property 'tslint'. These properties are valid:
   object { amd?, bail?, cache?, context?, devServer?, devtool?, entry, externals?, loader?, module?, name?, dependencies?, node?, output?, plugins?, profile?, recordsInputPath?, recordsOutputPath?, recordsPath?, resolve?, resolveLoader?, stats?, target?, watch?, watchOptions? }
 - configuration.module has an unknown property 'preLoaders'. These properties are valid:
   object { rules?, loaders?, noParse?, unknownContextRequest?, unknownContextRegExp?, unknownContextRecursive?, unknownContextCritical?, exprContextRequest?, exprContextRegExp?, exprContextRecursive?, exprContextCritical?, wrappedContextRegExp?, wrappedContextRecursive?, wrappedContextCritical? }
   Options affecting the normal modules (`NormalModuleFactory`).
 - configuration.node.global should be a boolean.
 - configuration.resolve has an unknown property 'root'. These properties are valid:
   object { modules?, descriptionFiles?, plugins?, mainFields?, aliasFields?, mainFiles?, extensions?, enforceExtension?, moduleExtensions?, enforceModuleExtension?, alias?, symlinks?, unsafeCache?, cachePredicate?, fileSystem?, resolver? }
 - configuration.resolve.extensions[0] should not be empty.
WebpackOptionsValidationError: Invalid configuration object. Webpack has been initialised using a configuration object that does not match the API schema.
 - configuration has an unknown property 'tslint'. These properties are valid:
   object { amd?, bail?, cache?, context?, devServer?, devtool?, entry, externals?, loader?, module?, name?, dependencies?, node?, output?, plugins?, profile?, recordsInputPath?, recordsOutputPath?, recordsPath?, resolve?, resolveLoader?, stats?, target?, watch?, watchOptions? }
 - configuration.module has an unknown property 'preLoaders'. These properties are valid:
   object { rules?, loaders?, noParse?, unknownContextRequest?, unknownContextRegExp?, unknownContextRecursive?, unknownContextCritical?, exprContextRequest?, exprContextRegExp?, exprContextRecursive?, exprContextCritical?, wrappedContextRegExp?, wrappedContextRecursive?, wrappedContextCritical? }
   Options affecting the normal modules (`NormalModuleFactory`).
 - configuration.node.global should be a boolean.
 - configuration.resolve has an unknown property 'root'. These properties are valid:
   object { modules?, descriptionFiles?, plugins?, mainFields?, aliasFields?, mainFiles?, extensions?, enforceExtension?, moduleExtensions?, enforceModuleExtension?, alias?, symlinks?, unsafeCache?, cachePredicate?, fileSystem?, resolver? }
 - configuration.resolve.extensions[0] should not be empty.
    at webpack (/home/jan/src/fm-repos/try3/node_modules/webpack/lib/webpack.js:16:9)
    at Class.run (/home/jan/src/fm-repos/try3/node_modules/angular-cli/tasks/serve-webpack.js:23:27)
    at /home/jan/src/fm-repos/try3/node_modules/angular-cli/commands/serve.js:84:26
    at process._tickCallback (internal/process/next_tick.js:103:7)
The last time I ng new a project was a few days ago -- at that point it worked file. Here's my environment:
angular-cli: 1.0.0-beta.14
node: 6.5.0
os: linux x64