Yes, that's correct. There is only one location on Windows 7 for all ICC profiles and it is C:\Windows\System32\spool\drivers\color. Note that there is no space in "System32".
Copy & paste that path into an explorer folder browser, and it should take you straight there. Occasionally if you try to navigate to the location by clicking through folders, if your account doesn't have full admin permissions then you may not see some of the folders that are there. But you can go directly to the path by entering it all in a folder browser.