I'm having the exact same issue. I cannot submit the App (which is a new step) because of the message "You must choose a build". ! have refreshed. Since after uploading from Xcode / Autoloader I no longer get an email mail stating Uploaded and waiting for review, I went to the site to find this new button and the mess of confusion. Apple needs to completely simplify and FIX! When does the 2 week service level for a review start?
While these new screen are pretty this new upload process is lacking!! Uploading binaries and the correct binary version is critical and why the previous version made since. It forced developers to be careful. I have a couple of beginner developers, and now I'm going to have to monitor every step of the production implementation process.
I looked into prerelease and I have 2 uploads in there, because I thought I was doing something wrong. I liked the old way that forced you to delete a binary before accepting a new one. Also I haven't found a delete function under Prerelease. Maybe Apple needs real beta-testers of these tools and not insiders!
This needs to be fixed ASAP!