Version 2.77 rc2 (linux 64bit)
How to reproduce:
- Extract the attached zip file
- Open the Scene.blend file and inspect the linked libraries / dependent files
- Move the Assets folder or Scene file to another location
- Re-open the Scene file
- Attempt to repair the broken links with the "find Missing Files" operator
The results are not satisfactory. Only the missing texture image is successfully replaced.
At the moment, it seems the only reliable way to repair all broken file paths is to replace the files exactly where Blender is looking for them. Users need a more helpful file recovery solution; until such a solution is made, we really ought to be honest and rename this feature to "Find Missing Images".