Everyone,
Ok, I feel like a real moron now. I did not disable my UAC. The way in which to do it on W7 is a bit different than XP or Vista. When I opened the Action Center, it told me I must restart my computer to disable UAC. I didn't get any kind of pop up saying I was supposed to do all that, so I missed that step. I can now use the Cinfigurator :) .
A big thank you too all that took the time to figure this problem out and put an end to alot of frustration (at least on my part). So please forgive my stupidity on this matter. ~runs off into the sunset kiking self in rear~ "you're an idiot Hayden, an Idiot, do you hear me, you're an IDIOT" lol.
Happy Flying :)