I suggest closing down, then go to "\program files" (Vista) or "\program files (x86)" (Win7) and move any installations you may have left over to a temporary location and delete later.
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I recently added to comments about people not being able to create demo accounts (after January 1st I think).
The problem appears several fold
I have liveupdate – an application file (created 28th October 2011) in my installation folder C:\MetaTrader_Installations\Alpari_801 (had suggestions in the past not to install in folder or sub-folder containing @Program Files'
If I doubleclick on this folder or ‘run as administrator then nothing appears to happen – i.e. I do NOT get the screenshot you show.
Resolving this issue is not essential but would be nice to implement what is implied in MT4 documentation. Anyone got the same problem or any suggestions to resolve ?