I like to see what's going to be installed before it's installed. Seeing gobs of OLE and DLL files I worried your installer was going to scatter them around, or at least place them outside the Pico directory. As such I used WinRar to extract them and received a decompression error:
WinRAR extraction error:
! X:\software\me\PiCo16Light.exe: Cannot open X:\software\me\PICO_LIG.CAB
Does the Pico lite installer place any files outside the pico target installation directory?