I'm not sure if it's a bug or by design, It's in the same spot it always was but it's hidden even with show hidden folders checked. If you open the C:/Documents and Settings/your user name/Local settings just add /Temporary Internet Files and it will open.
With all due respect John, I am the head of IT and I have it on good authority. If you type "Google" into Google, you can break the Internet. So please, no one try it, even for a joke.........It's not a laughing matter. You can break the Internet.