A1- Not everything in Common file is needed, MS Office and Install Shield and Symantec (any virus related stuff have to stay), Java, Adobe, ODBC, System (If you have MS Office), Microsoft shared have to stay ,, the rest can go.
A2-'wupdater.exe' is a Internet Explorer Optimizer pest,, and it is a pain in a a$$, so use what ever software you can find to get right of it,, I would suggest Spy Sweeper:
http://www.spysweeper.com/download.html
A3- When a hardware manufacturer provide you the software then go ahead and install it and don't worry about MS logo thing,, when you get that waring it means, that Microsoft did not digitally signed the driver that all , it would not have any Bering on functionality of the driver, furthermore, if you would have said Yes keep going to Logo warning then on reboot your driver would have been installed properly, so you know what to do now.
cheers