I think your are sooo correct downloading now.
Just a guess but I would have to say that you do not have .net 4.0 installed. Download it directly from microsoft.
You very well could be. Turn your phone off and boot it into hboot by holding the volume down rocker while pushing the power button. What version of hboot does it say? 76.200? or 79.000? If it is 76.200 follow the steps in the link that i posted in my original post.
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