Hi Jayson,
NWDS cannot read an ICo object directly. If you want to see a flow within NWDS then it needs to be created in NWDS and activated & deployed from there. The activation and deployment of the iFlow object is when the corresponding ICo object is generated in the system. Open an iFlow object in Integration Directory and you will see that it is essentially a parent object for the ICo. For this reason we will only generated iFlow objects in NWDS and will not create ICo objects directly in Integration Directory.
Regards,
Ryan Crosby