Unfortunately, there are several threads that talk about how to get v1.01, and only some of them mention that you must download the update from the same site where you made your original purchase. Every game site uses their own registration code structure and the different versions are not interchangeable.

This thread was talking specifically about Big Fish Games, but LDW also has v1.01 available for those who purchased the game directly from us.

If you haven't deleted the Virtual Villagers folder, it's possible that your savegames are still there.