Launcher fails to detect my downloaded Marketplace content

Alright, here ya go. New error now since yesterday, here’s the screenshot of what I see when I start my launcher with the command line I mentioned earlier.

Although, now I always get this error no matter what.

As you can see on the right, I’ve installed all the demos, but it says they’re “not ready”. And now I can’t even start Unreal!

Here’s the logs folder all zipped up.
[link text][2]

EDIT: Since I’m stuck at 80% without the command line, I’m going to try the latest fix by re-downloading the MSI. I’m hoping that would fix this error as well!. I’ll keep you guys updated.