Problem: I relied heavily on NTFS Junction points in Windows XP, even though they apparently were not an \"official\" feature of the operating system. Now MSFT
Besides the Linkmagic program already suggested in one of the previous comments, Link shell extension is another good program to manipulate (and check) links and junctions:
http://schinagl.priv.at/nt/hardlinkshellext/hardlinkshellext.html
Both of these programs can tell you what the existing links/junctions point to, and what they are. This may help you in figuring out what's wrong.