I did see this message though in the console (electrum still works though)...

Python 2.7.3 (default, Apr 10 2012, 23:31:26)

Type "electrum -help" for a list of available commands.
(Full documentation at https://en.bitcoin.it/wiki/Electrum)
---

11/09/2012 10:00:24.56> e
Install zbar package to enable QR scans
Connected to electrum.bitcoins.sk:50001
Exception in thread Thread-1:
Traceback (most recent call last):
  File "C:\Users\Sovereign108\AppData\Roaming\Electrum_SysFiles\1.01-g2\C_\Pyt
hon27\lib\threading.py", line 551, in __bootstrap_inner
    self.run()
  File "C:\Users\Sovereign108\AppData\Roaming\Electrum_SysFiles\1.01-g2\C_\Ele
ctrumPY\lib\interface.py", line 426, in run
    self.handle_response(response)
  File "C:\Users\Sovereign108\AppData\Roaming\Electrum_SysFiles\1.01-g2\C_\Ele
ctrumPY\lib\interface.py", line 376, in handle_response
    self.wallet.receive_history_callback(addr, result)
  File "C:\Users\Sovereign108\AppData\Roaming\Electrum_SysFiles\1.01-g2\C_\Ele
ctrumPY\lib\wallet.py", line 865, in receive_history_callback
    self.save()
  File "C:\Users\Sovereign108\AppData\Roaming\Electrum_SysFiles\1.01-g2\C_\Ele
ctrumPY\lib\wallet.py", line 670, in save
    f = open(self.path,"w")
IOError: [Errno 22] invalid mode ('w') or filename: 'C:\\Users\\Sovereign108\\
AppData\\Local\\Electrum\\electrum.dat'

Disconnected.
Poking