This is a 2008 R2 physical server with all available patches installed and SFC recently run.
00:00.000: ====================================================================
00:00.000: Started: 2014/01/16 (Y/M/D) 11:52:19.750 (local)
00:00.000: Time Format in this log: MM:ss.mmm (minutes:seconds.milliseconds)
00:00.016: Command line: "C:\Users\{user}\Desktop\IE11-Windows6.1-x64-en-us.exe"
00:00.016: INFO: Setup installer for Internet Explorer: 11.0.9600.16428
00:00.016: INFO: Previous version of Internet Explorer: 9.0.8112.16526
00:00.016: INFO: Checking if iexplore.exe's current version is between 11.0.9600.0...
00:00.016: INFO: ...and 11.1.0.0...
00:00.016: INFO: Maximum version on which to run IEAK branding is: 11.1.0.0...
00:00.016: INFO: iexplore.exe version check success. Install can proceed.
00:00.016: INFO: Operating System: Windows Server: 6.1.7601 (Service Pack 1)
00:00.016: INFO: Trying to extract ID: SetupDownloadList.txt (0) as "SetupDownloadList.txt"
00:00.016: INFO: Trying to extract ID: HardwareBlockingList.xml (0) as "HardwareBlockingList.xml"
00:00.016: INFO: Trying to extract ID: 7006 (0) as "IE11-neutral.Extracted.cab"
00:00.219: INFO: Trying to extract ID: 5501 (1033) as "Spelling_en.msu"
00:00.546: INFO: Extracted Spelling dictionary for en to C:\Windows\TEMP\IE182A.tmp\Spelling_en.msu.
00:00.546: INFO: Trying to extract ID: 5502 (1033) as "Hyphenation_en.msu"
00:00.562: INFO: Extracted Hyphenation dictionary for en to C:\Windows\TEMP\IE182A.tmp\Hyphenation_en.msu.
00:00.562: INFO: Trying to extract ID: 7128 (1033) as "IE11-support.cab"
00:01.467: INFO: PauseOrResumeAUThread: Successfully paused Automatic Updates.
00:01.810: INFO: Updated Download list, Hardware Blocking list, and no reboot policy files successfully downloaded and extracted for use.
00:01.826: INFO: Launched program to check hardware: "C:\Windows\TEMP\IE182A.tmp\IE11-SUPPORT\IEXPLORE.EXE" /CheckHardware "C:\Windows\TEMP\IE182A.tmp\IE11-support\HardwareBlockingList.xml"
00:01.919: INFO: Hardware support check succeeded. Installation will continue.
00:01.919: INFO: Windows 7 operating system detected.
00:01.919: INFO: Service pack major: 1
00:01.919: INFO: Service pack minor: 0
00:01.919: INFO: Service pack name: Service Pack 1
00:01.935: INFO: Version Check for (KB2834140) of C:\Windows\System32\d3d11.dll: 6.2.9200.16570 >= 6.2.9200.16570 (True)
00:01.935: INFO: Version Check for (KB2670838) of C:\Windows\System32\api-ms-win-downlevel-user32-l1-1-0.dll: 6.2.9200.16492 >= 6.2.9200.16426 (True)
00:01.935: INFO: Version Check for (KB2639308) of C:\Windows\System32\Ntoskrnl.exe: 6.1.7601.18247 >= 6.1.7601.17727 (True)
00:01.966: INFO: Version Check for (KB2533623) of C:\Windows\System32\api-ms-win-security-base-l1-1-0.dll: 6.1.7601.18229 >= 6.1.7601.17617 (True)
00:01.966: INFO: Version Check for (KB2731771) of C:\Windows\System32\conhost.exe: 6.1.7601.18229 >= 6.1.7601.17888 (True)
00:01.966: INFO: Checking for correct version of C:\Windows\Fonts\segoeui.ttf.
00:01.966: INFO: Version Check for (KB2786081) of C:\Windows\System32\taskhost.exe: 6.1.7601.18010 >= 6.1.7601.18010 (True)
00:01.982: INFO: Version Check for (KB2888049) of C:\Windows\System32\drivers\tcpip.sys: 6.1.7601.18254 >= 6.1.7601.18254 (True)
00:02.013: INFO: Version Check for (KB2882822) of C:\Windows\System32\tdh.dll: 6.1.7601.18247 >= 6.1.7601.18247 (True)
00:54.258: INFO: Waiting for 0 prerequisite downloads.
00:54.258: INFO: The neutral pack was not successfully downloaded from the internet. Installation will continue using the extracted package.
00:54.258: INFO: Waiting for 0 language pack downloads.
00:54.258: INFO: Language pack downloads completed. (exit code = 0xffffffff (4294967295)).
00:54.273: INFO: No reboot logic message NrApiStart(0), lParam=0x002a2778 returned 0x00000000.
00:54.492: INFO: No reboot logic message NrApiScan(1), lParam=0x00000001 returned 0x00000000.
00:54.492: INFO: No reboot logic message NrApiStartInstall(4), lParam=0x00000001 returned 0x00000014.
00:54.492: INFO: Installing with the extracted package. C:\Windows\TEMP\IE182A.tmp\IE11-neutral.Extracted.cab
00:54.492: INFO: Launched package installation: C:\Windows\SysNative\dism.exe /online /add-package /packagepath:C:\Windows\TEMP\IE182A.tmp\IE11-neutral.Extracted.cab /quiet /norestart
01:21.792: INFO: Process exit code 0x00000002 (2) [The system cannot find the file specified. ]
01:21.792: ERROR: Neutral package installation failed (exit code = 0x00000002 (2)).
01:21.792: INFO: No reboot logic message NrApiInstallDone(7), lParam=0x00009c59 returned 0x00000000.
01:21.792: INFO: No reboot logic message NrApiStartFinish(11), lParam=0x00000000 returned 0x00000000.
01:21.807: INFO: No reboot logic message NrApiFinish(12), lParam=0x00000000 returned 0x00000016.
01:21.807: INFO: Waiting for Active Setup to complete.
01:21.807: INFO: Waiting for Active Setup to complete. ({89820200-ECBD-11cf-8B85-00AA005B4383})
01:26.815: INFO: Waiting for Active Setup to complete. ({89820200-ECBD-11cf-8B85-00AA005B4383})
01:31.823: INFO: Waiting for Active Setup to complete. ({89820200-ECBD-11cf-8B85-00AA005B4383})
01:37.298: INFO: Waiting for Active Setup to complete. ({89820200-ECBD-11cf-8B85-00AA005B4383})
01:42.306: INFO: Waiting for Active Setup to complete. ({89820200-ECBD-11cf-8B85-00AA005B4383})
01:47.314: INFO: Waiting for Active Setup to complete. ({A509B1A7-37EF-4b3f-8CFC-4F3A74704073})