FRZ, указал локальные пути и в логе получил следующее
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OPatchInstall: Run starts
OPatchInstall: Running version 12.0.6607.0
OPatchInstall: Running on a Unicode OS
OPatchInstall: Initializing MSP Engine
OPatchInstall: Initializing standard properties
OPatchInstall: Creating system property 'SYS.LANG.NAME' with value 'INTL'
OPatchInstall: Creating system property 'SYS.LANG.LCID' with value '0'
OPatchInstall: Creating system property 'SYS.LANG.RTL' with value '0'
OPatchInstall: Creating system property 'SYS.WIN.VER' with value '501'
OPatchInstall: Creating system property 'SYS.WIN.PLATFORM' with value 'WINNT'
OPatchInstall: Creating system property 'SYS.WIN.SPLEVEL' with value '300'
OPatchInstall: Creating system property 'SYS.WIN.SYSTEMLCID' with value '1049'
OPatchInstall: Creating system property 'SYS.WIN.USERLCID' with value '1049'
OPatchInstall: Creating system property 'SYS.WIN.USERADMIN' with value '1'
OPatchInstall: Creating system property 'SYS.WIN.ARCHITECTURE' with value 'X86'
OPatchInstall: Creating system property 'SYS.WIN.PACKAGEPATH' with value 'c:\Update\Office\office2007sp3-kb2526086-fullfile-ru-ru.exe'
OPatchInstall: Getting version of the system dll 'C:\WINDOWS\system32\msi.dll'
и на этом всё
