To tack on to this question, I'm curious about where the addresses go if you delete the wallet from the menu. I tested this before actually using the software, and I can import the paper wallet backup just fine, but all the generated addresses that I created with it don't show up anymore underneath the named wallet (the ones that are made when you click "Receive money") when I did a test import. It's just a blank box. Is this supposed to happen if you import via Root and Chain Code key only? If so, is there a way to detect active addresses using that, or not really, since they are generated from a list?
You can click "Receive Bitcoins" over and over and it will generate the same sequence of addresses as the first time. Though, if you are online, and you have money in address, say, #23, Armory should've detected that and filled the list up to #23. (the default is 100 addresses, you'll have to manually generate them for going higher than that).