I did a bit more checking and read these articles:
http://www.TechRepublic.com/forumqa/thread_detail.jhtml?thread_id=82137&message_id=514910
Which says you need an EBD for it to work at all. You might want to try that.
http://support.microsoft.com/search/preview.aspx?scid=kb;en-us;Q192927
Which tells me that long file-names and ramdrives with ME don't get along too well.
So I'm beginning to think, based on the last article, that RamDrives aren't the best solution at all, but if you're still interested, even after my last post took you 12 hours to fix (sorry about that), then try booting with an EBD with the Ramdrive enabled in there. Alteratively, re-enable real mode DOS support by applying some of the various "patches" for ME. Other than that, I'm out of ideas.
Here's what is being called the "best" real-mode DOS solution for ME: http://www.geocities.com/mfd4life_2000/
I can't verify that it works, since I never tried it.
Good luck.