Scanner.exe Windows Question

I just installed SBS 7.6.1 on a new laptop running Win7 x64. I've run into a weird problem. If I do a clear and rescan SBS finds nothing, but it does clear the DB. If I then do a scan for new and changed it finds all the music just fine. I've set all scanner logs to debug and what I think I'm seeing is that scanner.exe doesn't know where my music is. I've got my music folder set correctly in both the SBS "Control Panel" and in the "SBS - Settings - Basic Settings" page (no iTunes). Here's the scanner.log that leads me to believe scanner.exe doesn't know where my music folder is (it is local, no UNC "D:\SBS Music");

13-08-07 11:31:17.8463] main::main (196) Starting Squeezebox Server scanner (v7.6.1, r33110, Wed Aug 17 18:52:34 PDT 2011) perl 5.010000
[13-08-07 11:31:17.9108] Slim::Music::Import::addImporter (438) Adding Slim::Music::PlaylistFolderScan Scan
[13-08-07 11:31:17.9112] Slim::Music::Import::countImporters (507) Found importer: Slim::Music::PlaylistFolderScan
[13-08-07 11:31:17.9556] Slim::Music::Import::addImporter (438) Adding Slim::Music::MusicFolderScan Scan
[13-08-07 11:31:17.9560] Slim::Music::Import::countImporters (507) Found importer: Slim::Music::PlaylistFolderScan
[13-08-07 11:31:17.9562] Slim::Music::Import::countImporters (507) Found importer: Slim::Music::PlaylistFolderScan
[13-08-07 11:31:17.9565] Slim::Music::Import::countImporters (507) Found importer: Slim::Music::MusicFolderScan
[13-08-07 11:31:23.2414] Slim::Schema::wipeCaches (2035) Wiped all in-memory caches.
[13-08-07 11:31:23.2417] Slim::Schema::wipeDB (391) Start schema_clear
[13-08-07 11:31:23.2449] Slim::Schema::wipeDB (407) End schema_clear
[13-08-07 11:31:23.2452] Slim::Schema::wipeAllData (2053) Wiped the database.
[13-08-07 11:31:23.2455] Slim::Utils::Scanner::scanPathOrURL (96) Finding valid files in: Files
[13-08-07 11:31:23.2459] Slim::Utils::Scanner::scanDirectory (287) About to look for files in Files
[13-08-07 11:31:23.2475] Slim::Utils::Scanner::scanDirectory (288) For files with extensions in: pcmapewmalnkwplwvaacwavwavemp3mp2m3u8m3uflcflacfla movcueoggogaaifaiffwaxasxm4am4bmp4plsxspfmp+mpclnk cue
[13-08-07 11:31:23.2497] Slim::Utils::Scanner::scanDirectory (310) Didn't find any valid files in: [Files]
[13-08-07 11:31:23.2502] Slim::Utils::SQLiteHelper::updateProgress (398) Notify to server: [
"progress:1375896683||importer||directory||0||0||1 375896683.24986",
]
[13-08-07 11:31:23.2831] Slim::Utils::SQLiteHelper::updateProgress (409) Notify to server OK
[13-08-07 11:31:23.2834] Slim::Utils::Scanner::scanPathOrURL (96) Finding valid files in: (x86)/Squeezebox/server/scanner.exe
[13-08-07 11:31:23.2838] Slim::Utils::Scanner::scanDirectory (287) About to look for files in (x86)\Squeezebox\server\scanner.exe
[13-08-07 11:31:23.2854] Slim::Utils::Scanner::scanDirectory (288) For files with extensions in: pcmapewmalnkwplwvaacwavwavemp3mp2m3u8m3uflcflacfla movcueoggogaaifaiffwaxasxm4am4bmp4plsxspfmp+mpclnk cue
[13-08-07 11:31:23.2874] Slim::Utils::Scanner::scanDirectory (310) Didn't find any valid files in: [(x86)\Squeezebox\server\scanner.exe]
[13-08-07 11:31:23.2880] Slim::Utils::SQLiteHelper::updateProgress (398) Notify to server: [
"progress:1375896683||importer||directory||0||0||1 375896683.28764",
]
[13-08-07 11:31:23.2922] Slim::Utils::SQLiteHelper::updateProgress (409) Notify to server OK
[13-08-07 11:31:23.2931] Slim::Music::Artwork::precacheAllArtwork (442) Starting precacheArtwork for 0 albums
[13-08-07 11:31:23.2933] Slim::Music::Import::endImporter (592) Completed precacheArtwork Scan in 0 seconds.
[13-08-07 11:31:23.2967] Slim::Music::Import::runScanPostProcessing (375) Starting Database optimization.
[13-08-07 11:31:23.2970] Slim::Schema::optimizeDB (421) Start schema_optimize
[13-08-07 11:31:23.2982] Slim::Schema::optimizeDB (435) End schema_optimize
[13-08-07 11:31:23.2984] Slim::Music::Import::endImporter (592) Completed dbOptimize Scan in 0 seconds.
[13-08-07 11:31:23.3007] Slim::Music::Import::runScanPostProcessing (383) Finished background scanning.
[13-08-07 11:31:23.3012] Slim::Utils::SQLiteHelper::updateProgress (398) Notify to server: ["end"]
[13-08-07 11:31:23.3057] Slim::Utils::SQLiteHelper::updateProgress (409) Notify to server OK
[13-08-07 11:31:23.4286] Slim::Utils::SQLiteHelper::updateProgress (398) Notify to server: ["exit"]
[13-08-07 11:31:23.4555] Slim::Utils::SQLiteHelper::updateProgress (409) Notify to server OK