I checked the setup.log and found this Return code entry:
18:23:09 min/gen Started: 19.11.2008, 18:23:09
18:23:09 min/gen Running setup_av_pro-50a (1290)
18:23:09 nrm/sys Operating system: WindowsXP ver 5.1, build 2600, sp 3.0 [Service Pack 3]
18:23:09 min/gen Old version: 4cd (1229)
18:23:14 min/gen Return code: 0x2000001A [The license key for this product is invalid or expired.
License is valid until: Saturday, November 01, 2008
Current date: Wednesday, November 19, 2008]
18:23:14 min/gen Stopped: 19.11.2008, 18:23:14
I found that odd since I received a new key on Mon, 20 Oct 2008 5:40 pm which I entered that same day. Anyway I re-entered the license key and successfully updated via the program updater after borrowing a usb broadband airmodem.
Thanks to all for offering assistance.