Switching drives?

Check if the the "icons" is really subfolder. Maybe the "icons" is just an shortcut to C: drive? Also some viruses can replace the folders with exe files that looks like folders.

Try to type the command:

Code:

dir "I:\Users\CWBillow\AppData\Roaming\Microsoft\Internet Explorer\Quick Launch\~~images~~"

in the command prompt.

Also check how the standard Windows Explorer works with this folder.