Windows 7 desktop icons not refreshing unless F5

Searched for occurrences of the word refresh and found this key: HKEY_CLASSES_ROOT\CLSID\{BDEADE7F-C265-11D0-BCED-00A0C90AB50F}\Instance which contains three subkeys. One of them, curiously enough, is DontRefresh and it has a value of 1 (turned ON). I then changed the value to 0 (turned OFF) and hit F5 to refresh and save the now changed registry.
Guess what? Now, everything (moving, deleting, copying) works and even the Trash Bin refreshes immediately.