I was writing to the person I quoted at the very top of my post:
Much Thanks Brian. Seems to have worked. Now I don't have to keep worrying about hiding those updates, hopefully. Thanks again.
Your steps didn't mention extracting it or placing it on the Desktop, etc. My mistake was thinking that since the file was inside a zip file, that I was supposed to unzip that file directly to where it was to go. The "tools" I referred to were mentioned in another thread by someone. They talked about using /cmd with parameters, etc. to find .cab files, and so on.
But, at this point, it doesn't matter. I figured out another way to do it. I simply changed my Administrative Privileges on that folder (to "Full") which allowed me to extract the file directly to the folder. Your way, now that you mentioned it, sounds MUCH simpler. LOL. I now have my VideoStudio Ultimate X5 running again
(without having to mess with MS's Update file-swapping). I'm happy because my purchase of VS-X5 is a better bargain than VS-X9 which I purchased for $15.00(US). My VS-X5 came loaded with all kinds of bonus applications, which X9 doesn't have. The VS-X9 NewBlue Film Effects "Bonus Offer" includes only a mere 5 effects, none of which I would ever use anyway. So, all is well. Maybe my post should be removed from the forum now?
==== EDITED: I JUST WANT TO GIVE YOU A GREAT BIG THANK YOU, BRIAN, FOR FIGURING OUT WHAT COREL COULDN'T (OR, WOULDN'T) DO FOR ITS USERS. ====