Hi Eric,
I am on the latest patch. When you try to input a \ in the server path in NWBC, then it all lights up red. So as I mentioned I this it is a bug.
Also my troubles comes because I work as a consultant and aren't always connected to our network drive via the VPN, so i can't pull the configuration from serverside every time I start it up. But this have the unfortuante implication that if I do connect directly to the server side configuration from NWBC, then I can't see my connections defined server side, as it isn't reading the cache.