Where to change idea.config.path for PyCharm3.0.1

I got the following error message when I tried to start PyCharm 3.0.1
Config path "C:\Users\Developer1\.PyCharm30\config" invalid
If you modified the idea.config.path property please make sure it is correct.

I moved whole Windows user profile to another folder and pointed use to it in HKEY_LOCAL_MACHINE\SOFTWARE\Microsoft\Windows NT\CurrentVersion\ProfileList
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I've uncommented the " idea.config.path" line in C:\Program Files (x86)\JetBrains\PyCharm 3.0.1\bin\idea.properties but with no luck. I am getting the same error message still.

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