There are several NI KnowledgeBase articles that potentially provide answers to the installation problems you are seeing.
The first (2CRF5B1R) relates to the Windows Registry being at its maximum size and therefore not being able to write the additional keys as required by the installer. From experience this is rare, but the article is worth reading and considering.
The second (2OK8222G) states that this error may occur if you use a non-numeric character in the product version entry in the Application Builder dialog. The article provides more of an explanation - so its not worth repeating here.
Jump to the KnowledgeBase at the following link:
http://digital.ni.com/public.nsf/MainPage?OpenForm&node=133020_US
Hope this information resolves you
r problems.
Jeremy