Here's a workaround to make things work:
- Run the Silverlight_chainer.exe
- Do not close the error window
- Browse your startup disk at the root level. There is a directory which name looks like a GUID. Open that directory to find a Silverlight 2.0 tools.
- Run the following apps (in this order)
- Silverlight 2.0.exe
- Silverlight_sdk.msi
- VS_SilverlightTools_Beta1_Setup.exe
- VS90-KB949325.msp
Have fun!