Installation finishing with DevEnvProcessCheck"Return value 3 on XP SP3 (2012)

Question

I started the installation and without pressing any button it ends. This occured using the local admin producing the following output:

=== Logging started: 12.11.2012  11:13:02 ===
Action 11:13:02: INSTALL. 
Action start 11:13:02: INSTALL.
Action 11:13:02: ChangeAllUsersProperty. 
Action start 11:13:02: ChangeAllUsersProperty.
Action ended 11:13:02: ChangeAllUsersProperty. Return value 1.
Action 11:13:02: FindRelatedProducts. Searching for related applications
Action start 11:13:02: FindRelatedProducts.
Action ended 11:13:02: FindRelatedProducts. Return value 1.
Action 11:13:02: DevEnvProcessCheck. 
Action start 11:13:02: DevEnvProcessCheck.
Action ended 11:13:02: DevEnvProcessCheck. Return value 3.
Action 11:13:02: SetupCompleteError. 
Action start 11:13:02: SetupCompleteError.
Info 2898.For Tahoma8 textstyle, the system created a 'Tahoma' font, in 1 character set, of 13 pixels height.
Info 2898.For TahomaBold10 textstyle, the system created a 'Tahoma' font, in 1 character set, of 16 pixels height.
Action 11:13:02: SetupCompleteError. Dialog created
Action ended 11:13:03: SetupCompleteError. Return value 2.
Action ended 11:13:03: INSTALL. Return value 3.
Property(C): DiskPrompt = [1]
Property(C): UpgradeCode = {6A8E0860-60BF-4D75-A2FA-111256023AD1}
Property(C): SetupType = Typical
Property(C): _IsSetupTypeMin = Typical
Property(C): AgreeToLicense = No
Property(C): AGREETOEXECUTIONPOLICYCHANGE = No
Property(C): _IsMaintenance = Change
Property(C): Display_IsBitmapDlg = 1
Property(C): RANUI = 0
Property(C): ALLUSERS = 1
Property(C): ProgramMenuFolder = C:\Dokumente und Einstellungen\machine\Startmenü\Programme\
Property(C): ProgramFilesFolder = C:\Programme\
Property(C): SourceDir = C:\Dokumente und Einstellungen\machine\Desktop\
Property(C): VersionNT = 501
Property(C): ADMINORADVERTISEDMSG = This installer package does not support Admin or Advertised installations.
Property(C): ProgressType0 = install
Property(C): DialogCaption = Setup Windows Installer
Property(C): ARPURLINFOABOUT = http://www.microsoft.com
Property(C): InstallChoice = AR
Property(C): ApplicationUsers = AllUsers
Property(C): DWUSINTERVAL = 30
Property(C): ProgressType3 = installs
Property(C): TestDir = c:\test
Property(C): ReinstallModeText = omus
Property(C): DisplayNameCustom = Custom
Property(C): ProgressType2 = installed
Property(C): DisplayNameTypical = Typical
Property(C): PIDTemplate = 12345<###-%%%%%%%>@@@@@
Property(C): INSTALLLEVEL = 100
Property(C): DisplayNameMinimal = Minimal
Property(C): ProgressType1 = Installing
Property(C): CA_DEVENV_RUNNING = 0
Property(C): DefaultUIFont = Tahoma8
Property(C): ErrorDialog = SetupError
Property(C): Manufacturer = Microsoft Corporation
Property(C): ProductCode = {8616FD04-290C-435B-9F31-0F54F95B7B99}
Property(C): ProductLanguage = 1033
Property(C): ProductName = Microsoft Visual Studio Team Foundation Server 2012 Power Tools
Property(C): ProductVersion = 11.0.50912.0
Property(C): SecureCustomProperties = AGREETOEXECUTIONPOLICYCHANGE;BPASNAPINEXISTS;NETFRAMEWORK20;NETFRAMEWORK35;NETFRAMEWORK40;NEWAPPFOUND;OLDAPPFOUND;POWERSHELLINSTALLED;PSEXECUTIONPOLICY;STORYBOARDINGTOOL;TEAMEXPLORER;TFSINSTALLREG;VSDIRECTORY;VSINSTALLREG
Property(C): WixPdbPath = S:\dd\pt\binaries\x86ret\bin\i386\PowerToys\tfpt.wixpdb
Property(C): MsiLogFileLocation = C:\Dokumente und Einstellungen\machine\my.log
Property(C): PackageCode = {6E60C2D3-F76B-40ED-B3CB-8909E22766A6}
Property(C): ProductState = -1
Property(C): PackagecodeChanging = 1
Property(C): CURRENTDIRECTORY = C:\Dokumente und Einstellungen\machine
Property(C): CLIENTUILEVEL = 0
Property(C): CLIENTPROCESSID = 4624
Property(C): VersionDatabase = 200
Property(C): VersionMsi = 4.05
Property(C): WindowsBuild = 2600
Property(C): ServicePackLevel = 3
Property(C): ServicePackLevelMinor = 0
Property(C): MsiNTProductType = 1
Property(C): WindowsFolder = C:\WINDOWS\
Property(C): WindowsVolume = C:\
Property(C): SystemFolder = C:\WINDOWS\system32\
Property(C): System16Folder = C:\WINDOWS\system\
Property(C): RemoteAdminTS = 1
Property(C): TempFolder = C:\DOKUME~1\machine\LOKALE~1\Temp\
Property(C): CommonFilesFolder = C:\Programme\Gemeinsame Dateien\
Property(C): AppDataFolder = C:\Dokumente und Einstellungen\machine\Anwendungsdaten\
Property(C): FavoritesFolder = C:\Dokumente und Einstellungen\machine\Favoriten\
Property(C): NetHoodFolder = C:\Dokumente und Einstellungen\machine\Netzwerkumgebung\
Property(C): PersonalFolder = C:\Dokumente und Einstellungen\machine\Eigene Dateien\
Property(C): PrintHoodFolder = C:\Dokumente und Einstellungen\machine\Druckumgebung\
Property(C): RecentFolder = C:\Dokumente und Einstellungen\machine\Recent\
Property(C): SendToFolder = C:\Dokumente und Einstellungen\machine\SendTo\
Property(C): TemplateFolder = C:\Dokumente und Einstellungen\machine\Vorlagen\
Property(C): CommonAppDataFolder = C:\Dokumente und Einstellungen\All Users\Anwendungsdaten\
Property(C): LocalAppDataFolder = C:\Dokumente und Einstellungen\machine\Lokale Einstellungen\Anwendungsdaten\
Property(C): MyPicturesFolder = C:\Dokumente und Einstellungen\machine\Eigene Dateien\Eigene Bilder\
Property(C): AdminToolsFolder = C:\Dokumente und Einstellungen\machine\Startmenü\Programme\Verwaltung\
Property(C): StartupFolder = C:\Dokumente und Einstellungen\machine\Startmenü\Programme\Autostart\
Property(C): StartMenuFolder = C:\Dokumente und Einstellungen\machine\Startmenü\
Property(C): DesktopFolder = C:\Dokumente und Einstellungen\machine\Desktop\
Property(C): FontsFolder = C:\WINDOWS\Fonts\
Property(C): GPTSupport = 1
Property(C): OLEAdvtSupport = 1
Property(C): ShellAdvtSupport = 1
Property(C): Intel = 6
Property(C): PhysicalMemory = 3318
Property(C): VirtualMemory = 3244
Property(C): AdminUser = 1
Property(C): LogonUser = machine
Property(C): UserSID = S-1-5-21-1750905561-2042469880-606228762-1010
Property(C): UserLanguageID = 1031
Property(C): ComputerName = machine
Property(C): SystemLanguageID = 1031
Property(C): ScreenX = 1920
Property(C): ScreenY = 1080
Property(C): CaptionHeight = 19
Property(C): BorderTop = 1
Property(C): BorderSide = 1
Property(C): TextHeight = 16
Property(C): TextInternalLeading = 3
Property(C): ColorBits = 32
Property(C): TTCSupport = 1
Property(C): Time = 11:13:03
Property(C): Date = 12.11.2012
Property(C): MsiNetAssemblySupport = 4.0.30319.1
Property(C): MsiWin32AssemblySupport = 5.1.2600.5512
Property(C): RedirectedDllSupport = 2
Property(C): Privileged = 1
Property(C): USERNAME =  
Property(C): COMPANYNAME =  
Property(C): DATABASE = C:\DOKUME~1\machine\LOKALE~1\Temp\88266e.msi
Property(C): OriginalDatabase = C:\Dokumente und Einstellungen\machine\Desktop\Visual Studio Team Foundation Server 2012 Power Tools.msi
Property(C): SOURCEDIR = C:\Dokumente und Einstellungen\machine\Desktop\
Property(C): VersionHandler = 4.05
Property(C): UILevel = 5
Property(C): ACTION = INSTALL
Property(C): EXECUTEACTION = INSTALL
=== Logging stopped: 12.11.2012  11:13:03 ===
MSI (c) (10:A4) [11:13:03:971]: Product: Microsoft Visual Studio Team Foundation Server 2012 Power Tools -- Installation operation failed.

MSI (c) (10:A4) [11:13:03:971]: Windows Installer installed the product. Product Name: Microsoft Visual Studio Team Foundation Server 2012 Power Tools. Product Version: 11.0.50912.0. Product Language: 1033. Installation success or error status: 1603.

I tried it with domain admin user getting an even shorter output:

=== Logging started: 12.11.2012  11:19:33 ===
Action 11:19:33: INSTALL. 
Action start 11:19:33: INSTALL.
Action 11:19:33: ChangeAllUsersProperty. 
Action start 11:19:33: ChangeAllUsersProperty.
Action ended 11:19:33: ChangeAllUsersProperty. Return value 1.
Action 11:19:33: FindRelatedProducts. Searching for related applications
Action start 11:19:33: FindRelatedProducts.
Action ended 11:19:33: FindRelatedProducts. Return value 1.
Action 11:19:33: DevEnvProcessCheck. 
Action start 11:19:33: DevEnvProcessCheck.
Action ended 11:19:33: DevEnvProcessCheck. Return value 3.
Action 11:19:33: SetupCompleteError. 
Action start 11:19:33: SetupCompleteError.

Help is appreciated.