so after digging a little more in the C:\$windows.~BT folder here is the setup log
It appears that the error happens because it cannot find a "STUDYID" not sure what this is though?
2013-10-18 17:57:23, Info MOUPG ESD Product Name [ Microsoft Windows Operating System ]
2013-10-18 17:57:23, Info MOUPG ESD Version [ 6.3.9600 (16408.0) ]
2013-10-18 17:57:23, Info MOUPG ESD Architecture [ x64 ]
2013-10-18 17:57:23, Info MOUPG ESD Edition [ Professional ]
2013-10-18 17:57:23, Info MOUPG ESD Language [ en-US ]
2013-10-18 17:57:23, Info MOUPG SetupManager: Loading C:\$Windows.~BT\Sources\SetupCore.dll
2013-10-18 17:57:23, Info MOUPG SetupManager: Loaded Setup object successfully.
2013-10-18 17:57:23, Info MOUPG SetupCore::Initialize
2013-10-18 17:57:23, Info MOUPG SetupCore::RegisterSetupTransforms
2013-10-18 17:57:23, Info MOUPG Registered DYNAMIC UPDATE transform
2013-10-18 17:57:23, Info MOUPG Registered DRIVER INFO DU transform
2013-10-18 17:57:23, Info MOUPG Registered COMPAT_SYSREQ transform
2013-10-18 17:57:23, Info MOUPG Registered COMPAT_MIGCHOICE transform
2013-10-18 17:57:23, Info MOUPG Registered COMPAT_ACTIONABLE transform
2013-10-18 17:57:23, Info MOUPG Registered IMGAPPLY transform
2013-10-18 17:57:23, Info MOUPG Registered OCDRV_MIGRATE transform
2013-10-18 17:57:23, Info MOUPG Registered DATA_MIGRATE transform
2013-10-18 17:57:23, Info MOUPG Registered DIAGNOSTICS transform
2013-10-18 17:57:23, Info MOUPG Registered FINALIZE transform
2013-10-18 17:57:23, Info MOUPG DlpMgrInit: WorkingPath = [C:\$Windows.~BT\Sources\Panther], Disposition = [Open], Flags = [0x0], Diagnostics = [Yes], Registrar = [Yes]
2013-10-18 17:57:23, Info MOUPG SetupHost::Create inproc event reporter result: [0x0]
2013-10-18 17:57:23, Info MOUPG SetupNotify::Initialize
2013-10-18 17:57:23, Info MOUPG SetupHost::Execute
2013-10-18 17:57:23, Info MOUPG Setup StudyID was [not found]
2013-10-18 17:57:23, Info MOUPG A previous StudyID was [not restored]
2013-10-18 17:57:23, Error MOUPG CSetupHost::DeleteReminderActions(439): Result = 0x80070003
2013-10-18 17:57:23, Error MOUPG CSetupHost::Execute(181): Result = 0x80070003
2013-10-18 17:57:23, Info MOUPG ConX::MoSetup::Inbox::CWinSetupWindow::Uninitialize: Enter
2013-10-18 17:57:23, Info MOUPG ConX::MoSetup::Inbox::CWinSetupWindow::Uninitialize: Exit
2013-10-18 17:57:23, Info [0x090009] PANTHR CBlackboard::Close: c:\$windows.~bt\sources\panther\mosetupinfo.