Thanks, for the quick response. Found you can turn on .Net 3.5 which includes 2.0 in Windows 8... more on it here:
The install of v1008r5 was successful. It wants to reboot right now, but it will have to wait till the morning when shows are not being recorded ;)
Also Note: To others installing, since this is "unknown publisher" windows 8 blocks the install, select "More Info..." link and press the install anyway button.