I followed your steps exactly, and it seems to be working so far. Thanks! I'm not sure why the other user does not have that folder he was talking about. I am using Safari 4.0.3.
I don't understand what I am supposed to do now with the .ZIP file of the Safari Webpage Fetcher now...it's sitting on my desktop. The instructions told me to compress the original, which I did, and that sends the .ZIP to my desktop. I then deleted the original file.
Also, will this interfere with future updates to Safari or the OS?