I think what he's getting at is what privileges do the extenders need to have, not just permissions on folders. In other words, why are they added to the Administrators group rather than say a new group called Media Center Extender Accounts and system privileges and permissions granted accordingly.
@ the OP - since all you did was change group membership, that's obviously an easy fix. I haven't tried this, but you may want to try creating your own group and adding the MCX accounts to it and granting file/folder permissions as needed to the group rather than allowing the accounts complete control to your computer.
@ the PP - "locking down the account" means a lot more than just restricting permissions to a file / folder; it means constrainting system privileges which, by being a member of the Administrators group, is far from doing and for that matter...granting permissions on files & folders is irrelevant in that case since the accounts can access everything on the system
Then again, if it's just in a home environment, and you're effectively hidden through routers, firewalls and so on...is it that paramount? ;)