My thread asking for a possible timeline for a fix on this was closed due the the anti Win 8 forces. I had one try to convince me how HORRIBLE Win 8 was for gaming. My personal experience has been the opposite. Lower resource usage and stellar game playing.
This is what is occurring:
The game installer is trying to install a redistributable that isn't compatible with Windows 8. I could be entirely wrong, but it seems to me that this could be as simple a fix as the installer detecting the OS and not installing this redistributable which I don't believe is required for the game to run.