TedC - 2014-01-23

I'm unable to install MikTeX using the "Net installer" package. The error is in initexmf.exe. From the log file:
initexmf: --common-install=C:\Program Files (x86)\MiKTeX 2.9: unknown option

Any suggestions?

The log follows:

MiKTeX Setup 2.9.4503 Report

Date: Thursday, January 23, 2014
Time: 10:07:58
OS version: Microsoft Windows 7 Enterprise Edition, 64-bit Service Pack 1 (build 7601)
SystemAdmin: yes
PowerUser: false
SharedSetup: yes
Setup path: C:\Users\me\Downloads\miktex-2.9.4503-32bit.exe
UserRoots:
UserData:
UserConfig:
CommonRoots:
CommonData:
CommonConfig:

Installation: C:\Program Files (x86)\MiKTeX 2.9
Loading package database...
starting package maintenance...
installation directory: "C:\Program Files (x86)\MiKTeX 2.9"
package repository: "C:\Users\me\AppData\Local\Temp\MiKTeX 2.9 Setup"
visiting repository "C:\Users\me\AppData\Local\Temp\MiKTeX 2.9 Setup"...
repository type: local package repository
loading lightweight database...
lightweight database digest: a4fee2e70d31c28911a1cf4995452489
going to install 9558 file(s) (161 package(s))
problem: C:\Program Files (x86)\MiKTeX 2.9\miktex/bin\MiKTeX209-core-PS.dll does not exist
problem: C:\Program Files (x86)\MiKTeX 2.9\miktex/bin\MiKTeX209-core.dll does not exist
problem: C:\Program Files (x86)\MiKTeX 2.9\miktex/bin\MiKTeX209-packagemanager-PS.dll does not exist
problem: C:\Program Files (x86)\MiKTeX 2.9\miktex/bin\MiKTeX209-packagemanager.dll does not exist
extracting files...

[log file edited for length]

updating package definition directory ("C:\Program Files (x86)\MiKTeX 2.9\tpm\packages")...
installed 2562 package definition files
visiting repository "C:\Users\me\AppData\Local\Temp\MiKTeX 2.9 Setup"...
repository type: local package repository
loading lightweight database...
"C:\Program Files (x86)\MiKTeX 2.9\miktex/bin\initexmf.exe" --common-install="C:\Program Files (x86)\MiKTeX 2.9" --rmfndb --admin --log-file="C:\Program Files (x86)\MiKTeX 2.9\miktex\config\uninst.log" --verbose:
initexmf: --common-install=C:\Program Files (x86)\MiKTeX 2.9: unknown option

An error occurred:
source file: Libraries\MiKTeX\Core\Process.cpp
source line: 305
message: The operation failed for some reason.
info: C:\Program Files (x86)\MiKTeX 2.9\miktex/bin\initexmf.exe