Mandar1, yeah, thats basically the problem. Funny thing is I opened a support case on this, and they act like it was something I did to cause the problem. (they haven't referrenced that support article yet)
I did find a solution though. It seems that even though the credentials are provided during the install and work, when the ODBC connection is created, it creates it under the account you are logged in under to do the install. Unless this is the actually account you plan to the use for your Windows authentication on the SQL database, your ODBC connection will require modifications after the install.
I tested under a new VM, using the SQL account to do the install, and the ODBC connection was set up correctly. I don't consider this best practice, as this requires making the SQL account an admin on the management servers. Also, not listed as a step you need to do in the documentation.
If you already did your install under another account (as I was), add the SQL acocunt as an admin on your management server(s). Log in, copy all the ODBC connection settings to a notepad document, delete it, and create it again under the SQL account. Then everything will work as it should.
Looks as if the SQL account will have to be left as an admin on those servers as I bet it will be required to be used for future upgrades as well so the ODBC connection doesn't get messed up again. A good secure password should help the security risk until they get it fixed, but still not something that should have to do be done.