The fact that it has changed from the mavericks method does not surprise me that you couldn't get it working. But what perplexes me more is that after installing Yosemite, the recovery partition completly disappeared. The only thing bootable when starting up with the option key is the newly created installation of Yosemite.
We also have to remember that this is not a finished product yet.
The new instructions refer to InstallAssistant.app but I can't seem to find this app anywhere.
Where are the new instructions you are talking about .
I've found InstallAssistantToll and .icns but no .app as you probably found them also.
Actually go to the 10.10 DP.app and right click->Show Package Contents -> Contents and then MacOS has a file labeled InstallAssistant and Resources folder has 2 more files labeled InstallAssistant.icns and InstallAssistantTool