For those who are looking for answers, I noticed that you needed to update the config.txt and include paths for library_path AND cache_path and report_path.
I put my paths in I: directory under My Docs
library_path = I:\My Documents\xml\openoffice\rjlibrary
cache_path = I:\My Documents\xml\openoffice\azari-cache
report_path = I:\My Documents\xml\openoffice\azari-report
Also, because I'm on 64 bit Vista, I had to change the qt.conf path to look like this:
Prefix = C:/Program Files (x86)/infogridpacific/azardi
Binaries = .
Shut down the program, restart and works perfectly.