The latest update (7.5) allows you to import zip files of preset/profiles (xmp files) directly from the develop module. Except they don't go into the usual Camera Raw/Settings folder. Anyone know where the heck these files are being imported into?
As you're looking for the preset location it should be the same I just tried it at my end and it's C:\Users\Username\AppData\Roaming\Adobe\CameraRaw\Settings\User Presets
It isn't for me. Normally an imported preset would go into the 'settings' folder (and not into 'user presets' within that), but with this new method (on an iMac) it is not placing the preset/profiles there, though they are indeed being imported into the app.
SOLUTION: They are imported into the Camera Raw/Imported settings folder, and not 'Settings'.
You can right-click (control-click) on a preset in LR and select 'show in finder' to reveal the location.