Interesting. Is this the case for an upgrade install? It seemed to save / use all of my previous options, settings, views, etc. Why wouldn't it handle an existing plugin?
The directory wasn't there so I copied the directory over from MC25 and called it MC26 right after install (upgrade). That seems to work when I go to Tools > Options > Video > Open madVR settings, however when I start MC26 from scratch, the settings aren't correct. Like it's using some other settings.bin file and I have no idea where it's getting those different values.
I will try to correct by deleting the madvr plugin folder for MC26 and set it to use madVR as an option to see iif it downloads the component. If so, then I'll proceed to replace with the latest v112b files. If that doesn't work, I'll uninstall MC26 and reinstall/upgrade and go from there.