Custom path of the user.config

I manage my application-settings using the setting-designer in VS2008.

"The exact path of the user.config files looks something like this:"

<Profile Directory>\<Company Name>\
 <App Name>_<Evidence Type>_<Evidence Hash>\<Version>\user.config

Is there to a way to customize this path? I would prefer something like this:

<Profile Directory>\<Company Name>\
 <App Name>\<Version>\user.config

I noticed that white-spaces were replaced by underscores in the "Company Name" in the new created folder ("Test Company" --> "Test_Company"). I really wish to turn off this behavior.

You know, I could write a new XML-based setting-handler, but I would like to use the setting-designer.