The Problem: The export/import wizard fails miserably when trying this task due to all the indexes and constraints on the target SQL tables (these are tables for a vendor software application which uses different schema users vs different databases for separating dev/test/prod environments). Additionally, I tried using SQL Server 2008 R2 SSMS's generate script functionality to generate both schema and data according to this post. This resulted in a 8GB file which failed when I ran sqlcmd with it on the target server. It seems to me there's some bug with either the generate script wizard or SQLCMD in dealing with strings that span multiple lines.
The errors when running SQLCMD were:
Msg 105, Level 15, State 1, Server