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"The project file should have been 100% focused on the rules required to perform the similar task of a Makefile. Everything else should have been optional information stored in separate files that doesn't need to be version-controlled and that can be auto-created if missing"
I entirely agree. It seems that Keil have totally broken the Project File arrangement as far as Version control goes.
:-(
And how is it intended that the Pack status should be controlled??