VC++ Runtime missing jumps out at me.
Also this chunk:
Property(S): ERROR_NEWER_OVER_OLDER_ABORT = The Installer has encountered the following older Adobe product on your computer:
[BlockingProduct]
Property(S): ERROR_NO_ADMIN = You do not have sufficient privileges to run this installer. Setup will now terminate.
Property(S): ERROR_OLDER_OVER_NEWER = Setup has detected that you already have a more functional product installed. Setup will now terminate.
Property(S): ERROR_OLDER_OVER_NEWER_2 = You have [OLDER_OVER_NEWER_PRODUCT_NAME] already installed. Please uninstall that product before proceeding with this installation.
Property(S): ERROR_OLD_ACROBAT_INSTALLED = The installer detected that you have an older version of Acrobat on your system. You must uninstall the older version first before installing this version.
Do you have the uninstall old Adobe stuff checked in the transform?