No, that is teh correct path, and im not using IIS, im running on Apache. Anyways, i relly want to get this working because when GD rezises images teh quality just sux big time.
By befault ImageMagic installed in C:\Program Files\ImageMagic 5.5 (or something like that), long pathname could be a problem...
The simple solution is just to copy convert.exe to the folder, which is for sure accesible by you httpd, for example c:\php\
Btw, GD2 is not that bad, as you're saying... It's at least twice faster, than ImageMagic. Try
http://www.coupin.net/gd-freetype/php_gd2.zip and don't forget to set define('CONVERT_IS_GD2', 1); in constants.php