Short answer: change frmMain to My.Forms.frmMain.
cboProject.SelectedIndex = My.Forms.frmMain.cboProjects.SelectedIndex
Long answer:
In VB6, referencing a form by its name allowed you to access it both as a class and an instance of that class. The instance that you access in this manner is called the default instance. This is not possible in VB.NET. However, VB.NET includes a dynamically generated class, My.Forms, that provides functionality similar to that of default instances.
See http://msdn.microsoft.com/en-us/library/ms379610%28v=vs.80%29.aspx#vbmy_topic3 for more information about My.Forms and the "My" namespace.
A better and more object-oriented way to handle this, however, would be to pass the instance of the main form to the constructor of the frmAddMethod form and store it in an instance field.
So, within the class definition in frmAddMethod.vb:
Sub New(ByVal mainForm As frmMain)
_mainForm = mainForm
End Sub
Private _mainForm as frmMain
And when you create the frmAddMethod instance from frmMain, pass in "Me" to the constructor:
Dim addMethodForm as new frmAddMethod(Me)
"Me" is the instance of the class from which a non-shared class method was called.
This will allow you to use the _mainForm class field to access the instance of the main form from non-shared methods of frmAddMethod.
*Edited to recommend My.Forms instead of DefInstance per Plutonix's comment.