Thought that I would bring this up in case others run into this. I have never seen this problem before. It was hard to find out what it meant by searching the Microsoft Technet forum.
After creating a profile, the files were being saved in the program directory. I went to the directory so that I could move it to the windows "Color" directory. But the file wasn't showing up in the directory. It took me a while to find out what was happening. I noticed there was a new menu item in Windows Explorer called "compatibilty files". I clicked on this option and all the profiles suddenly appeared. This was strange and I have never seen this before. The solution to the problem was to create a new directory in the Prism directory and copy and paste the files to the new location. After copying the files they were visible in normal explorer window.
I searched the net and found the following resource :
http://answers.microsoft.com/en-us/windows/forum/windows_vista-files/windows-explorer-compatibility-files/5b377209-cfe4-4be6-959d-e1de4b8be16d .
I'm not sure why this happened on my PC. I am running Windows 7 Pro 64 bit OS. PP doesn't use any virtulization in the profile creation as far as I can see. I do not use virtualization applications that I use. I do have VMware installed on my PC but rarely use it and I only have one virtual PC application for Windows XP that I have used from time to time byt certainly not lately.
Oh well if anyone else runs into this maybe this info will help.
Kevin