Soon, when you've got the GoldEdition of this piece of software for your two M1001s you'll find that such "troubles" that you've mentioned will immediately cease:
http://forums.rokulabs.com/viewtopic.php?t=18219
As we say here in the UK, you'll then find "It's simply a Doddle" to update not only your Presets, but also your Favourites, which incidentally as a bonus you'll then be able to store locally on your PC . This
IS the tool all SoundBridge owners have been waiting for.
Cheers, Alan