Please note that when signed in as admin (with your base config files), this is the image path that I see...

 

and the admin.config files says the following...

 

 <security name="ImageGalleryPath">~/uploads</security>
 <security name="MediaGalleryPath">~/uploads</security>
 <security name="FlashGalleryPath">~/uploads</security>
 <security name="FilesGalleryPath">~/uploads</security>
 <security name="TemplateGalleryPath">~/templates</security>