My apologies if this has already been reported, but searching did not turn up any issues that I could find.
I have some custom applications created via Applescript (and saved as an Application) that reside in a folder within my home folder. In Alfred v1 it would find these apps. In Alfred 2 it does not. I've tried clearing the application cache, rebuilt the index (twice), restarted Alfred, and no luck.
More info about my environment:
Alfred 2.0.1 (173)
OSX 10.8.3
MacBook Pro 15" 2011
The screenshot shows my current settings and I even added the folder that contains these app files (~/Terminal Settings).