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Unable to change LookupDropDownUseStandardControl property


I need to change the "LookupDropDownUseStandardControl" property on the web application from TRUE to FALSE. This property was apparently changed by the SP1 install. I can change any other property value, but not this one. I click on the property, then pull down the dropdown list and choose FALSE, but it always stays TRUE.

Has anyone else run into this issue? I have full admin rights to the farm, but I've tried with both my own account and running as administrator. Same thing. Not sure if it's an issue with SP Manager or with my database.