Michael, the plug-in most likely is, in fact, properly installed.
Sonar finds the .dll file just fine, but UAC blocks the executable Philharmonic file. This doesn't seem to affect everybody, but from what I have seen it is a fairly common problem.
Locate the executable Philharmonic file. I f you installed to default locations, it should be in C:/Program Files(x86)/IK Mutlimedia/Miroslav Philharmonic.
Right click on this, and click Properties>Compatibility. Select "Run this program as an administrator" under Privilege Level.
Now you should be able to insert Philharmonic in your Sonar project.
It's a fairly simple process, but you have to know about it. Oddly, I have only had to do this with Sample Tank and Philharmonic, but both now run fine.
Hope that helps.