This is not a detailed 101 on how to install it, but on how to troubleshoot a problem during the installation. The error messages I received cited the following two phrases: "System.Security.Cryptography.CryptographicException" and "Keyset does not exist".
The issue got solved by making the folder "C:\Users\All Users\Microsoft\Crypto\RSA\MachineKeys" not read-only, and granting full access to the NETWORK SERVICE account to it.
Reference:
http://www.lazyasscoder.com/Article.aspx?id=73&title=Error%3a+Error%3a+System.Security.Cryptography.CryptographicException%3a+Keyset+does+not+exist+or+Access+is+denied
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