I am sorry you are having problems with this feature.
I totally understand your concern but it is important to mention that the problem you described is directly related to the software developer (Microsoft), not Intel®.
If you are interested in obtaining this information, please contact your software developer. The assistance for ICC profiles is provided by Microsoft only, furthermore, in order to create or add ICC profiles under color management the user has to be an administrator. Restricted users are not allowed.
Make sure you checked the "Use my settings for this device" option that should appear right below your listed device in Win 7's color management window. Then just click the "Add" button and choose the ICC profile you want to use - it should work !