Restore rename fails with invalid character or delimiter message (4047118)

When running a restore with a rename, the restore job fails with the following type of error message:

Error 2008/11/27 14:27:14 39 Jobs nvkj Fatal error: Restore failed
Error 2008/11/27 14:27:14 39 Data Plugin nvkj Cannot rename original' to 'c:\newlocation\newname' rename contains an invalid character or delimiter.

Trace indicates you are not allowed to rename a target that contains an invalid character

which would be : or | at first glance.

When renaming and relocating a file there are two fields that must be used, put the filename only (no path) in the "Rename to" field and put the path elements in the "Relocate to" field.