All,
I was getting an error trying to install VMware Player that was caused by KB2918164, as well. A related hot fix KB3000988 was released recently. Unfortunately, that hotfix didn't fix the "Error 997: Overlapped I/O operation in progress" issue that KB2918164 is causing. It addresses an issue with temporary profiles and the MSI installer failing.
I had to uninstall BOTH KB2918164 and KB3000988 to get the install to work.
If you are getting "Installation failed: Error 997 Overlapped I/O operation in progress", and find errors related to SECREPAIR in your MSI log files, then this should help.
To uninstall on Windows 7:
- Start -> Control Panel -> Programs and Features
- On the left pane, click "View installed updates"
- Sort By Program by clicking on the "Program" column header.
- Under the Microsoft Windows section, look for the security update you want to uninstall.
- Right click on it, and click Uninstall.