Thx guys, that fixed the issues. Got some new ones though, since I played around with UAC. It seems like it made some global changes to my system, involving other programs and applications. For example my Blender user default settings were suddenly gone and most recent files list got emptied. Also when I make screenshots ingame now, I cannot find them under the default path. I have to make a full windows search and they finally are found under same path, which I was browsing to before. Does the changing of the UAC level make certain data invisible?
I'm really confused about win 7, freakin' steam guys can easily overwrite an .exe that resides on my private desktop and my own pc asks me "the boss" for admin rights, wtf is this. If win 7 was my dog, I'd taken it around the next corner and beaten it to death, lol!