I had windows explorer open (Win 7 Ultimate) & suddenly my photos directory disappeared. I used the 'back' buttonm but got the msg that the directory was no linger avalable.
I had directories disappearing twice. Both times it turned out to be my copy tool, TeraCopy that had made a 'Fast Move'.
I did not deliberately do any moves so something buggy.. Thing is that Windows search did not show the directories or the files. They were not hidden and obviously not in recycle bin. They showed with original location in registry. Just by accident i happened to find the log for TeraCopy and after that i found the missing folders by manual search.
BUT like i said, windows couldnt find them when i searched by directory name, file extensions, whatever.. does the search only
read the Registry? that would explain it. SO, try searching manually..Good luck