I can confirm this bug. Seahorse display the same path:
/home/nate/.ssh/blah_rsa
** Changed in: seahorse (Ubuntu)
Status: New => Confirmed
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[Karmic] Seahorse shows wrong location for ssh keys
https://bugs.launchpad.net/bugs/444580
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** Attachment added: "Capture-key.png"
http://launchpadlibrarian.net/33123049/Capture-key.png
** Attachment added: "Dependencies.txt"
http://launchpadlibrarian.net/33123050/Dependencies.txt
** Attachment added: "ProcMaps.txt"
http://launchpadlibrarian.net/33123051/ProcMaps.txt
** Attac
