The installer is in GERMAN. Also, when you point it to your Nehrim folder, it STILL wrongly says that it is the incorrect folder and no Oblivion.exe can be found.
And also like the previous patch, it will not run the launcher when you select 'Run Launcher'.
SETUP.exe and Nehrimlauncher.exe just sit there in memory waiting for me to come and kill them with ProcessExplorer.