These are MS Windows Installer error codes 1402 indicates a permissions error in the registry, and 1603 means you need to reboot your machine as some files are in use.
Did you try to install the update as an admin, or std user acc?
If so try and install as an admin.
If you google the error codes you will find a MS kb article although refers to MS Office should still apply to PDVD.
There are also some references to these errors in these forums.
Glad I installed in Windows 7 32bit, 64bit seems to be more problematic.