From my experience, 80004005 errors are almost always related to security errors:
http://Imar.Spaanjaars.Com/QuickDocId.aspx?quickdoc=263
Try this:
1. Make IUSR and IWAM accounts member of the Administrators group
2. Reboot
3. Try again.
If it works, remove them from the group Administrators again, and try to find out where the problem lies (did you check temp folders like C:\Temp and C:\Windows\Temp)?
Imar
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Imar Spaanjaars
http://Imar.Spaanjaars.Com
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