Solved - Log into the Admin Console and select the Configuration tab, then the portals tab and select "approve" if there is no portals tab please select Help->Manage Modules to install the portal module onto the ISY, then you will be able to approve the portal.
I just registered for a 30 day trial of Universal Devices ISY portal, and now have a yellow light with "Pending Approval by owner" but I can't find anywhere to "approve" it. Nothing is working until I get through this. Please help!