My bad, didn't notice (in due time). I see [5/20/2013 5:48:31 PM] No CGMiner instance found., but from what I can tell it's more than that, maybe the author can help you out, I'm just taking guesses. Tho, if you run cgminer externally, then wait a few and Refresh the Status tab, there's nothing? Or in devices?

L.E. To your edit, there isn't a default folder for cgminer to my knowledge... why it would be grayed out I don't know. If you "Manage Profiles", and create a new one, still grayed out?