# If you'd like to omit non-matching lines from the result; add ';d' to the end of the expression.
sed -E 's/^(basedir[ ]*=[ ]*")(.)(:[\\/\\])([a-zA-Z0-9]*)([\\/\\]?.*)$/$1Z$3Here$5/gm;t' <<< "[mysqld]
#skip-innodb
# The TCP/IP Port the MySQL Server will listen on
port=3306
max_allowed_packet=16M
#Path to installation directory. All paths are usually resolved relative to this.
#basedir=\"C:/Program Files/MySQL/MySQL Server 5.1/\"
basedir=\"C:/MySQL/\"
#Path to the database root
#datadir=\"C:/Documents and Settings/All Users/Application Data/MySQL/MySQL Server 5.1/Data/\"
datadir=\"C:/MySQLData/\"
# The default character set that will be used when a new schema or table is
# created and no character set is defined
default-character-set=utf8"
Please keep in mind that these code samples are automatically generated and are not guaranteed to work. If you find any syntax errors, feel free to submit a bug report. For a full regex reference for SED, please visit: https://www.gnu.org/software/sed/manual/html_node/The-_0022s_0022-Command.html