on Windows, incorrect use of USERPROFILE instead of APPDATA variable to locate settings
From http://en.wikipedia.org/wiki/Environment_variable: "Many applications incorrectly use USERPROFILE for application settings in Windows - USERPROFILE should only be used in dialogs that allow user to choose between paths like Documents/Pictures/Downloads/Music, for programmatic purposes APPDATA (roaming), LOCALAPPDATA or PROGRAMDATA (shared between users) is used."
Using Windows 7 64-bit and VLC 2.1.0.