(#1)Sorry if I wasn't clear. Your assumption is correct. It displayed 1st gear, but the RPM went up and it would not accelerate as if the clutch was slipping, while displaying the yellow shift light and fault code.
Typically, clutch engagement on a hot engine should be well complete by 2k rpm. Being in 1st gear, do you remember how high you took the rpm in trying to move it?
But that does sound a little odd. When the shift light goes on and you get an error message, the transmission locks in whatever gear that you happen to be in. You cannot either upshift or downshift. So, if you had been in 4th gear at a stop, you wouldn't be able to shift down to first and be relegated to try to accelerate away in 4th. But in the case of an error code, the auto clutch feature seems to be off. You'd have trouble getting the bike to move.
When you turn the ignition off and on again, the system recycles and functions normally until the next error detection.
(#2) Just turned 3,300 miles.
If it were my AE, I'd take it straight to the dealer for a look-see.
I think I could have induced the problem by adjusting the idle speed a little and may have to roll it back a little to 1100 rpm at idle. My current idle is a little fast and may have fooled the computer and caused a slipping clutch?
Doubtful, given your symptoms.
I don't understand why it continued to slip when I attempted to accelerate?
It should not continue to slip. You might try a couple of test runs tomorrow paying close attention and making mental notes of the results. Realize that if the system locks in 5th gear, you will have to decelerate the bike while in a normal mode 5th gear ie no auto clutch. That means that as the rpm gets lower, the engine will begin bucking in response to the gearing. This is the same as if you tried to come to a complete stop on a clutch bike while in 5th gear.
If that happens, an effective way to smooth out the last little part is to use the kill switch. Be alert that the actual stop will not be silky smooth. So you may want to choose the surface over which you stop ie flat and not slippery.
Hope that helps,
Bruno
Montreal, Canada
https://pages.videotron.com/mcrides