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KB Article: http://support.microsoft.com/kb/2578723
You may be unable to change or set your network connection location when attempting to connect to a network using a Windows 7-based computer. The location associated to the network connection may not be a clickable link.
This fix does NOT resolve the problem for me. I see evidence of lots of people having this problem and it has been an issue since the Windows 7 RC. There does not seem to be a universally accepted solution either. I believe this needs to be re-examined by Microsoft. Thank you.