Install WCF RIA Services v1.0 SP1 Beta – missing Silverlight 4 developer runtime?

     If you see the following dialog popping up while trying to install WCF RIA Services v1.0 SP1 Beta (via links from http://www.silverlight.net/getstarted/riaservices/), it means Silverlight 4 developer runtime is missing on your machine. The reason could be that the recent windows update have installed the newer version of Silverlight 4 plug-ins, which has overriden the older developer runtime….