Slightly confused here, and I am sure this is just a simple setting / config issue.
If I look at the "Temporary Internet File Properties", I currently have 216 files in it, 40 MB. (Just cleaned it).
But....if I access Tools, and "view" the files in the cache, I only see 4 files currently, a couple of cookies and some icons.
So, the files are there, just can't see them.
In Vista, I could easily see all the files, in Win 7, not so much.