This worked for me:
- Installed all updates with only KB3038314 left to install.
- Installed IE10 + reboot (which has KB3038314 installed via the update process in the setup)
- Uninstalled IE10 + reboot (left me with IE8 RTM)
- Installed IE11 through the offline installer with switch /update-no so that no updates are installed during setup.
- After restart IE11 RTM is installed and 3 updates are available, KB3038314, KB3021952, KB2961851. They install without trouble.
I had some Problems installing IE10 after uninstalling IE11, because i did't find any inslaller for IE10.
To my surprise, it finally worked using Windows Update.
The following steps worked fine.
IE11 is installed.
KB3038314 is installed.
Just a few days of work with Microsoft giving no more than some totally useless advice.
Thank you