Do you have any custom modules installed which would affect the Documents module? What are the permissions on your instance? Are there any errors in your sugarcrm.log?
I tried this too and the problem is repeatable.
My instance of SuiteCRM is 7.01 upgraded to 7.02 with no custom modules added.
Web Server IIS
PHP 5.5.8 (fastcgi)
MySQL 5.6 with storage engine MyISAM
sugarcrm.log has the following:
[color=#000000]03/24/14 22:41:45 [4244][1][INFO] ParserFactory->getParser(popuplist,Documents, )
03/24/14 22:41:45 [4244][1][DEBUG] PopupMetaDataParser: __construct()
03/24/14 22:41:45 [4244][1][FATAL] Exception in Controller: DeployedMetaDataImplementation: cannot create popup view for module Documents - definitions for popuplist are missing in the SugarObject template for type file[/color]