I have been having a similar issue, except with installing Adobe Photoshop Lightroom. Error 1935 HRESULT 0x8007054F. As per MagicAndre1981's solution, I checked the C:\Windows\System32\config\TxR, there was no file, made sure that 'Show hidden files and systems' was selected but nothing came up.. then ran 'fsutil resource setautoreset true C:\'.. DOS command prompt window appeared and vanished in a millisecond. I figured that would solve the problem, but upon installing the software, same error persists.
I am running Windoes 7, x64. All windows update has been installed successfully, and I have no idea what else to do. Pleas help!