The key you are mentioning isn't the correct one. Sounds to me that you've placed an image as your desktop background from Internet Explorer, and that key was opened to register it.
The correct key to get the desktop background location is: Confirmed on: XP, CE, Vista, 7, 8
HKEY_CURRENT_USER\Control Panel\Desktop\Wallpaper
Details:
- Main key: HKEY_CURRENT_USER
- Sub key: Control Panel\Desktop
- Value name: WallPaper
- Value type: REG_SZ
- Value data: full path for the image being used as the desktop background
Also, under HKEY_CURRENT_USER\Control Panel\Desktop\
you will find other wallpaper related options to apply different styles: Center, Tile, and Stretch.
HKEY_CURRENT_USER\Control Panel\Desktop\WallpaperStyle
HKEY_CURRENT_USER\Control Panel\Desktop\TileWallpaper
In order to apply the styles use the following guide:
Center
WallpaperStyle = 0
TileWallpaper = 0
Tile
WallpaperStyle = 0
TileWallpaper = 1
Stretch
WallpaperStyle = 2
TileWallpaper = 0