After the Bernina webinar on Portfolio I emailed the webinar host with the same issue - my portfolio is grayed out. She emailed back that it might be my firewall or internet security program so I turned everything off but it still didn't work but maybe it will for you. If you figured out a solution please share as I would love to get mine working too.
V7 portfolio not installed with the software.
Changed computers and installed V7 but portfolio is not visible.
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My v7 Portfolio stopped working when I uninstalled v6 software off my machine. I had to reinstall my software, check to make sure you (check) the box that says to allow Portfolio to install and it should work. You do have to uninstall the program first. Also if you are not a member of the Yahoo v7 software group, you should join. There are other options there.