Please re-read about Individualization Process either at
http://all-streaming-media.com/faq/r...ividualization
or at
http://stream-recorder.com/forum/sho...87&postcount=2

Key features you might have missed:
1. IndivBox.key will be downloaded from microsoft server at the first time you try to play DRM protected media.

2. Delete the following folder if exists (I believe that your search was correct and you don't really need this step)
C:\Documents and Settings\All Users\DRM

3. VALID license files on your harddrive are required to be able to use Automate unDRM