Erm, no. The target is F:\VideoLAN\VLC\vlc.exe here (I downloaded the .zip, extracted the .lnk and looked at the properties).
I guess somewhere in the link %PROGRAMFILES% is used.

BTW: No, I didn't use nLite but created my own winnt.sif.
FYI: Currently I have C:\Windows as Windows directory, D: as swap drive, F: for applications, H:\Dokumente und Einstellungen as the folder for documents and settings (I guess "Documents and Settings" is the english version). E: for installation (setup) files, G: for games and I: for downloads  :D

FYI2: No, it's not Vista but Vista Inspirat with QTTabBar and QTAdressBar.

Hello,

I'm always confused when seeing "Found xx results" (e.g. xx > 100) but only the first 9 being accessible. Being able to scroll down by the arrow keys would be quite nice. Perhaps I just missed a feature... I didn't find a way to reach the other results.
Of course not all results should be loaded into the list! (I guess having 50k entries (even not visible) would slowdown the app)
Only preloading the next n or 2n entries (with n = number of visible entries) would be enough. Preloading means: Actually formatting the Location, Date etc. (whatever there may be) columns get the entry's icon.
Having the number of results makes it possible to set an appropriate scollbar height.

Additionally using the mouse wheel, when the input line is focused, does nothing. In my opinion wheel events should be redirected to the result list.
So typing c:\windows then turn the wheel on your mouse would scroll the result list.

Hello,

I think it would be reasonable to remove the entry numbers if all number related options are turned off. These options are "Digit keys launch results from search window", "Numpad keys launch results from search window" and the three "Extra Result Hotkeys" actions.
Perhaps a separate option to not display the number might be useful too.

To make it clear: I'm not speaking about the SlideNum which is shown only when using the "Large Icon Slides" results display style but about the numbers (1-9) which appear directly before the names.