It appears the installation is not finding the correct Windows Registry entry to allow the automatic location for the Snapins folder. I will check this with our engineering team. In the meantime, I have posted the ConsoleOne snapin for Formativ 1.0 to our Web site and you can download it from http://www.advansyscorp.com/formativ/1_0/formativ.jar . Copy this file into the ConsoleOne snapins folder on the workstation.
Please let us know if this does not assist in the short term.