Finally after weeks of frustration I was able to fix this mess, none of the advice microsoft provided worked, uninstalling reinstalling, using microsoft .net removal tool, microsoft fixit, disabling UAC, and numerous other things which did nothing at all.
The source of this problem with KB2468871 is that a .dll needed for it to install is not present for whatever reason, copying and inserting the .dll where it needs to be will allow you to install this update.
Download the KB2468871 update here:
http://www.microsoft.com/download/en/details.aspx?id=3556
Try to install it, so that it extracts the needed .dll
C:\Windows\Microsoft.NET\assembly\GAC_MSIL\System.Xml.Serialization\v4.0_4.0.0.0__b77a5c561934e089
Go to there and you should see the .dll file "System.Xml.Serialization.dll" If you can't find it do a search for it.
Copy it.
Paste it here C:\Windows\Microsoft.NET\Framework\v4.0.30319
And paste it here:
C:\Windows\Microsoft.NET\Framework64\v4.0.30319
Install the KB2468871 update you downloaded earlier.