Using System Aliases (e.g. %appdata%) in Find?

I often use Find to look for files lurking in the depths of C:\Documents and Settings\myID\Application Data. To save some typing I tried a Find using %appdata% instead of C:\Documents and Settings\myID\Application Data and to my surprise it didn't work. Is it supposed to?

Regards,

Confirmed. I've filed a feature request for you.