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The assessment is bogus....
...Now, when will Microsoft admit the problem and get around to fixing it?
Those three (3) updates are superseded (replaced) by KB2604092; one dates from June 2011, another from October 2011 and another from February 2012.
There are two (2) possible explanations for this:
• .NET Framework 2 SP2 was installed sometime after 14 February 2012; or
• This problem actually started eleven (11) months ago.
If KB2604092 is installed and KB2518864, KB2572073 and/or KB2633880 are being offered again, run a manual check for updates shortly after 10:00 AM Pacific/1:00 PM Eastern (17:00 UTC) today and see if they're still being offered.
[Looks like MS is about to rerelease KB2604092 today.]
Just go to the Windows Update site and check the box that says "Don't show this update again" for the problem updates.
However, you now say that you have this installed and the problem has stopped?
When it tries to install the update KB2718704 it repeatedly fails to install it.
This article describes the System Update Readiness Tool for Windows Vista, Windows Server 2008, Windows Server 2008 R2, and Windows 7.
You may become unable to install updates from Windows Update, due to inconsistencies in file data or registry data. By installing the System Update Readiness Tool, you can resolve these inconsistencies and you will be able to install updates from Windows Update. After the System Update Readiness Tool is installed, install updates again from Windows Update.