URL Watcher Does Nothing?

I did a search and found a few people who had similar problems, and tried the various fixes, but none of them worked. With the URL watcher on it seemingly does nothing. I can copy (Ctrl-C, Edit->Copy, Right Click->Copy) a FTP URL and NOTHING happens. One other thing, I also tried changing the URL:File Transfer Protocol file type entry and this still did nothing. Anyone have any ideas why this would be?

+- System -----------------------------







Microsoft Windows XP Home 



Service Pack 1 (Build 2600)







CPU Speed         : 1595 MHz



Total Memory      : 261560 KB



Free Memory       :  58748 KB







+- SmartFTP ---------------------------







Version           : 1.0.978.1



Time Stamp        : 2003-07-09 13:45:32







+- Application DLL --------------------







controls.dll      : 1.6.978.1



ftpapi.dll        : 2.0.978.1



language.dll      : 1.0.978.1



reseng.dll        : 1.3.978.1



smarthook.dll     : 1.0.2.1







+- System DLL -------------------------







shell32.dll       : 6.00.2800.1233 (xpsp2.030604-1804)



shlwapi.dll       : 6.00.2800.1106 (xpsp1.020828-1920)



comctl32.dll      : 6.0 (xpsp1.020828-1920)



riched20.dll      : 5.30.23.1211



schannel.dll      : 5.1.2600.1106 (xpsp1.020828-1920)







+- Internet Explorer ------------------







Version           : 6.0.2800.1106







+- Winsock ----------------------------







Winsock           : 2.2