Yes. When I created the raster layer I made it the same coordinate system.
Ok restart of the computer and closing the program it let me create the attribute table. Still a pain though. Now not only does it take twice as long to run the extraction tool, but then it doesn't add the layer to my map. After I go search for it and add it to my map then I have to change the symbology to unique values and make it create the attribute table...all of which was automatic in 9.3.