Same issue!
http://fanaleds.com/forum/viewtopic.php?f=3&t=618

There is some sort of interference with FanaLEDs since the last update or 2. When i disconnect my 360 wireless pad, upon reconnecting it fails to be detected by Windows Gamepad settings (jpy.cpl) in Control Panel. This also means its no longer picked up by Xpadder either. It seems to work on Steams ...