it seems the error code is to do with the updating, have you tried selecting the option to do updates later (if you have got that far yet), or try disconnecting the PC for the internet.
Another thing I have had problems with is the system time, check that it is set correctly in the BIOS. I removed the BIOS battery once and half of my online services failed to connect or work because the time was so out and wasn't talking to the windows and origin (example) servers.
If you have another disk you could try re-burning it. I mean it sounds stupid but maybe the original PC missed a file when burning the disk, or it is corrupted/scratched, hence one of the update files isn't available.
what program did you use to burn the ISO to the DVD?