I know how to fix the ascent-logonserver.exe failure. You need to download the .NET Framework update. You can either google ".NET Framework download" or go onto the microsoft website.
Download Version 3.5, install it, then restart your computer... It doesn't tell you to, but I did it anyway. This should fix this problem.
I don't know how you managed that? Did you follow all the installation instructions found in the first post? You have to change some things to get it all working. Do this, and you'll be fine. If you wanna change settings, reinstall it. Simple.|Edit|: And also, I didn't get asked to change the service name when I was installing MySQL... Just went straight to the password page..