Ok, I did manage to relink things. The trick was finding the real folder.
If you're going through this, just don't panic. Keep looking through your system for the folder. You'll find it and then you can point Resolve to it. It worked like black magic!
The one strange thing was that my folder was located in my guest account, not in admin. Oh well, it worked.
By the way, the studio version is just awesome and a HUGE, worthwhile upgrade to the free version, which is stupidly functional in its own right!