Move the dart2js snapshot into bin directory of sdk root.

sdk/bin/dart2js.bat

 @echo off
 REM Copyright (c) 2012, the Dart project authors.  Please see the AUTHORS file
 REM for details. All rights reserved. Use of this source code is governed by a
 REM BSD-style license that can be found in the LICENSE file.
 
 setlocal
 rem Handle the case where dart-sdk/bin has been symlinked to.
 set DIR_NAME_WITH_SLASH=%~dp0
 set DIR_NAME=%DIR_NAME_WITH_SLASH:~0,-1%%
 call :follow_links "%DIR_NAME%", RETURNED_BIN_DIR
 rem Get rid of surrounding quotes.
 for %%i in ("%RETURNED_BIN_DIR%") do set BIN_DIR=%%~fi
 
 rem Get absolute full name for SDK_DIR.
 for %%i in ("%BIN_DIR%\..\") do set SDK_DIR=%%~fi
 
 set DART2JS=%SDK_DIR%lib\_internal\compiler\implementation\dart2js.dart
 set DART=%BIN_DIR%\dart
-set SNAPSHOT=%DART2JS%.snapshot
+set SNAPSHOT=%BIN_DIR%\snapshots\utils_wrapper.dart.snapshot
 
 set EXTRA_OPTIONS=
 set EXTRA_VM_OPTIONS=
 
 if _%DART2JS_DEVELOPER_MODE%_ == _1_ (
   set EXTRA_VM_OPTIONS=%EXTRA_VM_OPTIONS% --checked
 )
 
 if exist "%SNAPSHOT%" (
   echo Using snapshot "%SNAPSHOT%" >&2
-  set DART2JS=%SNAPSHOT%
+  set EXTRA_VM_OPTIONS=%EXTRA_VM_OPTIONS% --library-root=%SDK_DIR%
 )
 
 rem See comments regarding options below in dart2js shell script.
 set EXTRA_VM_OPTIONS=%EXTRA_VM_OPTIONS% --heap_growth_rate=512
 
-"%DART%" %EXTRA_VM_OPTIONS% "%DART2JS%" %EXTRA_OPTIONS% %*
+if exist "%SNAPSHOT%" (
+  "%DART%" %EXTRA_VM_OPTIONS% "SNAPSHOT%" "dart2js" %EXTRA_OPTIONS% %*
+) else (
+  "%DART%" %EXTRA_VM_OPTIONS% "%DART2JS%" %EXTRA_OPTIONS% %*
+)
+
 endlocal
 
 exit /b %errorlevel%
 
 :follow_links
 setlocal
 for %%i in (%1) do set result=%%~fi
 set current=
 for /f "tokens=2 delims=[]" %%i in ('dir /a:l ^"%~dp1^" 2^>nul ^
                                      ^| find ">     %~n1 ["') do (
   set current=%%i
 )
 if not "%current%"=="" call :follow_links "%current%", result
 endlocal & set %~2=%result%
 goto :eof
 
 :end