For Everyone Who Is Having Problems Updating
After spending several hours, uninstalling and reinstalling Java and Profit I finally tried something different. Instead of using JAVA 7 I went back to JAVA 6.32 and everything is working fine. It appears that there are issues with 7.
Each time i tried to verify which version I had installed it would not report a version. I tried all 3 browsers (IE9, FF, and Chrome) and got the same results for each one.
As i stated installed 6.32 and Java works in all 2 and Profit updates.
Hope this helps everyone. Java 6 will no longer be updated after FEB 2013 so I hope they get 7 fixed soon.