There's a paths.ini file in the root folder of the Winamp installation folder, usually C:\Program Files\Winamp.
If you delete paths.ini (or move it to some backup folder elsewhere, or disable it by renaming it to eg. paths.ini.off), then Winamp will no longer read/save settings from/to the %AppData%\Winamp folder but will use the Program Files\Winamp folder instead.
Note that the default paths.ini entry is:
inidir={26}\Winamp
{26} = %AppData%
%AppData%\Winamp under 2k/XP resolves to:
C:\Documents and Settings\<username>\Application Data\Winamp
%APPDATA%\Winamp Under Vista resolves to::
c:\users\<username>\AppData\Roaming\Winamp
If the OS is Vista, then you can't just delete/disable paths.ini, because Vista will not let programs write to the Program Files dir.
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