Quickbooks 2009 Upgrade Error 1317 (updated)
One of the best places to always go for more information is the Microsoft Event Viewer. A quick check their showed an error in MSIEXEC (which is the Microsoft Installer Service), and in the details it showed the full path to the folder it couldn’t access. Browsing to the folder showed that read only permissions were granted to the logged in user. A quick permission change to enable full access to the folder, permitted the installation to complete successfully.
If that does not resolve your problem, see the following Quickbooks KB which has a batch utility which will reset all permissions: