Yes, that is how I manually configured the XDK connection.
I probably should have mentioned that I'm using Windows 8. Maybe there is an issue with XDK on Windows 8. I have a Vista Business (64 bit) machine, but the XDK IDE wouldn't even install correctly on it. The splash screen came up and that was it.
OK, I made a newbie mistake. I was using the basic images from the Galileo software download page, when I should have been using the devkit image @ images/.
Instructions for beginners: Making a bootable micro SD Card with Windows* | Intel® Developer Zone