Did you try and edit the Podium .ini file to change the default directory from the My Documents folder? I did, and that’s when it stopped working. After I reinstalled, it worked fine.
Podium expects to find the template folder at:
My DocumentsZynewave Podium ProjectsLibraryTemplates
This folder is created by the Podium installer. If you move this folder manually Podium will show this error. In a later release I’ll add this folder location to the Preferences dialog, so that you can safely remove the Zynewave Podium Projects subfolder under My Documents.