Solved! Go to Solution.
What version of DLP client installed and version of extension checked-in on ePO, Also do you have McAfee Agent 5.6.1 Hotfix 2 installed?
Also as long as this option is enabled, and client rebooted after first install, it should be ok
DLP_RV pointed me to the HotFix 3 topic. I added this to the system and redeployed the DLP setup and everything come back to life.. I am good now.