Yes a here in the registry is the reference of a drive installed.
Problem found!
Windows Registry Editor Version 5.00
1) regedit (Always backup the Registry before you edit it!)
2) find key below or something similar
---------------------
[HKEY_LOCAL_MACHINE\SOFTWARE\Microsoft\Office\11.0\Delivery\{90850409-6000-11D3-8CFE-0150048383C9}]
----------------------
3) Below is the wrong reference "F" I remove drive "F"
Changed it to a valid Drive letter .. in my case it was "E"
---------------------- = was
"LocalCacheDrive"="F"
---------------------- = was
---------------------- = now
"LocalCacheDrive"="E"
---------------------- = now
This fixed the issue & the update was able to run.
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