I finally got around to getting smartsound working on a clean Studio11U install.
The well-documented "three time" quicktrack updater (From their website) install/unintall tango worked.
However the libraries I owned were not there.
Renaming the C:\Documents and Settings\AllUsers\ApplicationData\Smartsound Software Inc to "old" and restoring that same folder from a pre-Studio 11 install copy brought them back.
Clearly the install/uninstall, etc. makes them go away, however does make the option available in Studio 11, so you need to do it. Just back up first or you need to re-install the music.
BJBBJB