A new installation of VS2008 Team Edition said it was missing a dll.  Other methods I found to add the dll failed as the whole directory under c:\windows\WinSxS where the dll should be, was missing.  Perhaps I forgot something during the install; I went to Add/Remove programs and clicked the VS2008 installation.  After the installer, did this and that a dialog box poped up reading:

A problem has been encountered while loading the setup components

After clicking OK on the dialog the installer just closed.  This isn’t good, I thought to myself.

I found this post through google which fixed my issue

There is a critical hotfix (kb952241) which is creating this issue with Visual Studio 2008.  Removing this hotfix and rebooting my computer allowed me to successfully run the installer again.

For reference I have included the entry in Windows update for this hotfix.

Visual Studio 2008 Security Update for Microsoft Visual Studio 2008 (KB952241) Succeeded Saturday, November 01, 2008 Microsoft Update

Not sure if I will be prompted again to load the hot fix (I am sure I will) or how sever the security hole is that this is suppose to fix.

As always, I hope this helps one other out there.  If you have any further information about this issue, please put in the comments and I may add it to the post.

Update: Now of course Windows Update wants to load the hotfix every day I boot up.  I an not sure if I want to load it again for obvious reasons.