Code not loaded usually means it loaded a PEX without a PSC, so the compiled script is there, but theres no source script. I'd guess there is a problem with your source directory.
Like I said before, I deleted it. Doesn't it regenerate itself? When I click on a script in the compilation status box, the errros say cant find flag file, and cant find script file. I thought only mods made use of the scripts folder?