I followed all of the procedures including uninstallation procedure, verify uninstallation procedure and reinstallation procedure. That did not work for me.
Next, I then tried uninstallation procedure, verify uninstallation procedure and reboot. I then ran the Repair option for .NET and rebooted. I finished that off with a reinstallation procedure. That did not work for me.
At this point, I realized that some registry error must still be present that I am simply not seeing that it causing the failures.
Here is what I did.. I installed ccleaner utility so that I could check for registry errors after uninstallation.
Step 1 - Uninstall iTunes using designated procedure for Apple - In the exact order that Apple specifies
Step 2 - Verify uninstallation of iTunes using designed procedure for Apple - deleting all folders. I found no folders so I just rebooted at this point.
Step 3 - I again, repaired .NET with reboot.
Step 4 - Open ccleaner and look for any Itunes related Registry Errors.
AHA! This entry for iPodService.exe still exhisted. So I had no folders on the PC, no installs on the PC and no services running.... BUT this was still in the Registry.
Step 5 - Delete only the Registry entry above. NO REBOOT
Step 6 - Reinstall iTunes64.exe
That worked. After I removed that persistent registry key the installation was successful and iTunes is now running on my PC successfully. Glad I found these forums and I was not the only one having this problem.
This is what fixed my problem.