I had already found a post about the different places it has moved but there is nothing under "Howdy, YOURNAME".
All I have showing is:
Your profle and Log out.
More background info:
I'm running version 3.2.1
I'm wanting the Networks to use subfolders rather then DNS entries so I am thinking this should make it easier to setup.
I went back and made sure that mod_rewrite was enabled via "http://rudyegenias.wordpress.com/2006/08/21/enabling-mod-rewrite-in-xampp/"
Under Settings Permilinks are setup like such - /blog/%year%/%monthnum%/%day%/%postname%/ <-- this means Mod_rewrite is working right?
One thing that I found kind weird when setting up the network it say this at the top of the screen - "Warning: An existing WordPress network was detected."