Sorry, but doing so (moving the folder and fixing the shortcuts) will just write Spotify back to your AppData folder the next time it wants to update. Furthermore, when updating in this fashion, Spotify will set itself to autostart on login again, which should not be done once I've set it to disabled - an upgrade should respect this but does not. It will still be in your Program Files folder too, but every time you run it from there, it will want to update/restart and then it runs from your AppData folder again. Stupid design choice by Spotify, and while it's not quite as bat-poop insane as, say, Microsoft's choice to install Age of Empires Online (a game that measures in at ~10 GB or more) to your AppData folder (even though the latter installs in Local rather than Roaming), it's still just bad design. Tried to solve it using symlinks instead, but then my Users folder also ends up being written to ProgramFiles which I do not want, obviously. "Users" folder goes in AppData, the rest goes in ProgramFiles. It's as simple as that.
Spotify, PLEASE let us choose our install location (like it used to be - why did you "fix" this when it wasn't broken to begin with?) and don't try to force us to use AppData for reasons unknown. AppData is NOT meant for installing executables and shared data into. Doing so is considered bad form by most coders as well as administrators, and even, as someone said, could be considered malicious behavior as it attempts to circumvent user privileges. As the suggested workaround, while sound in theory, doesn't really work because of the weird hardcoded way your updater works, please award us the courtesy of being able to choose our install location. Installing to AppData is not okay for every scenario or user. There are those of us who have our own computers and want to only install into ProgramFiles (as it should be done), and there are those of us who run roaming profiles at work and don't want our networks sunk by a thousand copies of Spotify being moved back and forth every time the users log in and out.