A family of Microsoft relational database management systems designed for ease of use.
It appears that it hasn't found anything wrong with the configuration. You mentioned doing a full online repair, but have you done a full uninstall, followed by a restart, before reinstalling?
-Jesse
No, That wasn't high on my list of things to do honestly given all of my preferences and stuff, especially in Excel, and since that is no guarantee as I have also seen some posts that full uninstalls don't fix the registry issues. For example - this thread.
In fact, that example they removed office than ran the office fix it tool to do an even fuller uninstall/cleanup, and that didn't work.