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Make sure that you're following the exact steps given here:
One thing to check: in Windows Explorer, go to the Tools menu > Folder Options. Disable "Hide extensions for known file types". Having done so, is the file still named "ae_render_only_node.txt", or does it have an extra .txt on the end?
If not, what happens if you move the file to the alternate location? C:\Users\Public\Public Documents\Adobe
Ah ha! I knew it was something dumb on my end. "Hide extensions for known file types" was indeed enabled and the file was named "ae_render_only_node.txt.txt"
Deleted the extra .txt and we're up and running! Thanks for your help!