Here's the install log:
Feb 8 17:41:20 Daniels-MacBook-Pro Install Adobe Download Assistant[389]: Begin runtime download from http://airdownload.adobe.com/air/3/nai/macos10.7/x86/installer
Feb 8 17:41:42 Daniels-MacBook-Pro Install Adobe Download Assistant[389]: Begin signature download from http://airdownload.adobe.com/air/3/nai/macos10.7/x86/installer.p7
Feb 8 17:41:43 Daniels-MacBook-Pro Install Adobe Download Assistant[389]: Launching subprocess with commandline "AIR Runtime Installer" -x1 /Volumes/Install Adobe Download Assistant/Install Adobe Download Assistant.app/Contents/Resources/Adobe Download Assistant
Feb 8 17:41:47 Daniels-MacBook-Pro Adobe AIR Installer[396]: Runtime Installer begin with version 3.1.0.4880 on Mac OS 10.7.2 x86
Feb 8 17:41:47 Daniels-MacBook-Pro Adobe AIR Installer[396]: Commandline is: -x1 "/Volumes/Install Adobe Download Assistant/Install Adobe Download Assistant.app/Contents/Resources/Adobe Download Assistant"
Feb 8 17:41:47 Daniels-MacBook-Pro Adobe AIR Installer[396]: No installed runtime detected
Feb 8 17:41:53 Daniels-MacBook-Pro ReportCrash[398]: Saved crash report for Adobe AIR Installer[396] version 3.1 (3.1.0.4880) to /Users/danielskeen/Library/Logs/DiagnosticReports/Adobe AIR Installer_2012-02-08-174152_Daniels-MacBook-Pro.crash
Feb 8 17:42:44 Daniels-MacBook-Pro Install Adobe Download Assistant[409]: Begin runtime download from http://airdownload.adobe.com/air/3/nai/macos10.7/x86/installer
Feb 8 17:42:51 Daniels-MacBook-Pro Install Adobe Download Assistant[409]: Begin signature download from http://airdownload.adobe.com/air/3/nai/macos10.7/x86/installer.p7
Feb 8 17:42:51 Daniels-MacBook-Pro Install Adobe Download Assistant[409]: Launching subprocess with commandline "AIR Runtime Installer" -x1 /Volumes/Install Adobe Download Assistant/Install Adobe Download Assistant.app/Contents/Resources/Adobe Download Assistant
Feb 8 17:42:55 Daniels-MacBook-Pro Adobe AIR Installer[416]: Runtime Installer begin with version 3.1.0.4880 on Mac OS 10.7.2 x86
Feb 8 17:42:55 Daniels-MacBook-Pro Adobe AIR Installer[416]: Commandline is: -x1 "/Volumes/Install Adobe Download Assistant/Install Adobe Download Assistant.app/Contents/Resources/Adobe Download Assistant"
Feb 8 17:42:55 Daniels-MacBook-Pro Adobe AIR Installer[416]: No installed runtime detected
Feb 8 17:42:57 Daniels-MacBook-Pro ReportCrash[417]: Saved crash report for Adobe AIR Installer[416] version 3.1 (3.1.0.4880) to /Users/danielskeen/Library/Logs/DiagnosticReports/Adobe AIR Installer_2012-02-08-174257_Daniels-MacBook-Pro.crash
Feb 8 18:00:44 Daniels-MacBook-Pro Install Adobe Download Assistant[262]: Begin runtime download from http://airdownload.adobe.com/air/3/nai/macos10.7/x86/installer
Feb 8 18:00:51 Daniels-MacBook-Pro Install Adobe Download Assistant[262]: Begin signature download from http://airdownload.adobe.com/air/3/nai/macos10.7/x86/installer.p7
Feb 8 18:00:52 Daniels-MacBook-Pro Install Adobe Download Assistant[262]: Launching subprocess with commandline "AIR Runtime Installer" -x1 /Volumes/Install Adobe Download Assistant/Install Adobe Download Assistant.app/Contents/Resources/Adobe Download Assistant
Feb 8 18:00:57 Daniels-MacBook-Pro Adobe AIR Installer[269]: Runtime Installer begin with version 3.1.0.4880 on Mac OS 10.7.2 x86
Feb 8 18:00:57 Daniels-MacBook-Pro Adobe AIR Installer[269]: Commandline is: -x1 "/Volumes/Install Adobe Download Assistant/Install Adobe Download Assistant.app/Contents/Resources/Adobe Download Assistant"
Feb 8 18:00:57 Daniels-MacBook-Pro Adobe AIR Installer[269]: No installed runtime detected
Feb 8 18:00:57 Daniels-MacBook-Pro Adobe AIR Installer[269]: -[__NSCFString backingScaleFactor]: unrecognized selector sent to instance 0x282a630
Feb 8 18:00:57 Daniels-MacBook-Pro [0x0-0x1f01f].com.adobe.downloadassistant.AdobeDownloadAssistant.installer[262]: 2012-02-08 18:00:57.883 Adobe AIR Installer[269:707] -[__NSCFString backingScaleFactor]: unrecognized selector sent to instance 0x282a630
Feb 8 18:01:12 Daniels-MacBook-Pro ReportCrash[276]: Saved crash report for Adobe AIR Installer[269] version 3.1 (3.1.0.4880) to /Users/danielskeen/Library/Logs/DiagnosticReports/Adobe AIR Installer_2012-02-08-180112_Daniels-MacBook-Pro.crash
Feb 8 18:19:03 Daniels-MacBook-Pro Adobe AIR Installer[329]: Runtime Installer begin with version 3.1.0.4880 on Mac OS 10.7.2 x86
Feb 8 18:19:03 Daniels-MacBook-Pro Adobe AIR Installer[329]: Commandline is: -psn_0_204850
Feb 8 18:19:03 Daniels-MacBook-Pro Adobe AIR Installer[329]: No installed runtime detected
Feb 8 18:19:04 Daniels-MacBook-Pro Adobe AIR Installer[329]: -[__NSCFString backingScaleFactor]: unrecognized selector sent to instance 0x313dd0
Feb 8 18:19:12 Daniels-MacBook-Pro com.apple.launchd.peruser.501[147] ([0x0-0x32032].com.adobe.air.Installer[329]): Job appears to have crashed: Bus error: 10
Feb 8 18:19:12 Daniels-MacBook-Pro ReportCrash[338]: Saved crash report for Adobe AIR Installer[329] version 3.1 (3.1.0.4880) to /Users/danielskeen/Library/Logs/DiagnosticReports/Adobe AIR Installer_2012-02-08-181912_Daniels-MacBook-Pro.crash
Feb 8 18:19:16 Daniels-MacBook-Pro Adobe AIR Installer[339]: Runtime Installer begin with version 3.1.0.4880 on Mac OS 10.7.2 x86
Feb 8 18:19:16 Daniels-MacBook-Pro Adobe AIR Installer[339]: Commandline is: -psn_0_213044
Feb 8 18:19:16 Daniels-MacBook-Pro Adobe AIR Installer[339]: No installed runtime detected
Feb 8 18:19:16 Daniels-MacBook-Pro Adobe AIR Installer[339]: -[__NSCFString backingScaleFactor]: unrecognized selector sent to instance 0x2a27a90
Feb 8 18:20:11 Daniels-MacBook-Pro com.apple.launchd.peruser.501[147] ([0x0-0x34034].com.adobe.air.Installer[339]): Job appears to have crashed: Bus error: 10
Feb 8 18:20:11 Daniels-MacBook-Pro ReportCrash[338]: Saved crash report for Adobe AIR Installer[339] version 3.1 (3.1.0.4880) to /Users/danielskeen/Library/Logs/DiagnosticReports/Adobe AIR Installer_2012-02-08-182011_Daniels-MacBook-Pro.crash
Feb 8 18:21:21 Daniels-MacBook-Pro Adobe AIR Installer[350]: Runtime Installer begin with version 3.1.0.4880 on Mac OS 10.7.2 x86
Feb 8 18:21:21 Daniels-MacBook-Pro Adobe AIR Installer[350]: Commandline is: -psn_0_233529
Feb 8 18:21:21 Daniels-MacBook-Pro Adobe AIR Installer[350]: No installed runtime detected
Feb 8 18:21:22 Daniels-MacBook-Pro com.apple.launchd.peruser.501[147] ([0x0-0x39039].com.adobe.air.Installer[350]): Job appears to have crashed: Segmentation fault: 11
Feb 8 18:21:22 Daniels-MacBook-Pro ReportCrash[352]: Saved crash report for Adobe AIR Installer[350] version 3.1 (3.1.0.4880) to /Users/danielskeen/Library/Logs/DiagnosticReports/Adobe AIR Installer_2012-02-08-182122_Daniels-MacBook-Pro.crash
Feb 8 18:21:41 Daniels-MacBook-Pro Install Adobe Download Assistant[358]: Begin runtime download from http://airdownload.adobe.com/air/3/nai/macos10.7/x86/installer
Feb 8 18:21:48 Daniels-MacBook-Pro Install Adobe Download Assistant[358]: Begin signature download from http://airdownload.adobe.com/air/3/nai/macos10.7/x86/installer.p7
Feb 8 18:21:49 Daniels-MacBook-Pro Install Adobe Download Assistant[358]: Launching subprocess with commandline "AIR Runtime Installer" -x1 /Volumes/Install Adobe Download Assistant/Install Adobe Download Assistant.app/Contents/Resources/Adobe Download Assistant
Feb 8 18:21:53 Daniels-MacBook-Pro Adobe AIR Installer[365]: Runtime Installer begin with version 3.1.0.4880 on Mac OS 10.7.2 x86
Feb 8 18:21:53 Daniels-MacBook-Pro Adobe AIR Installer[365]: Commandline is: -x1 "/Volumes/Install Adobe Download Assistant/Install Adobe Download Assistant.app/Contents/Resources/Adobe Download Assistant"
Feb 8 18:21:53 Daniels-MacBook-Pro Adobe AIR Installer[365]: No installed runtime detected
Feb 8 18:21:54 Daniels-MacBook-Pro Adobe AIR Installer[365]: -[__NSCFString backingScaleFactor]: unrecognized selector sent to instance 0x2932db0
Feb 8 18:21:54 Daniels-MacBook-Pro [0x0-0x3c03c].com.adobe.downloadassistant.AdobeDownloadAssistant.installer[358]: 2012-02-08 18:21:54.115 Adobe AIR Installer[365:707] -[__NSCFString backingScaleFactor]: unrecognized selector sent to instance 0x2932db0
Feb 8 18:21:57 Daniels-MacBook-Pro ReportCrash[352]: Saved crash report for Adobe AIR Installer[365] version 3.1 (3.1.0.4880) to /Users/danielskeen/Library/Logs/DiagnosticReports/Adobe AIR Installer_2012-02-08-182157_Daniels-MacBook-Pro.crash
Feb 8 18:31:24 Daniels-MacBook-Pro Adobe AIR Installer[415]: Runtime Installer begin with version 3.1.0.4880 on Mac OS 10.7.2 x86
Feb 8 18:31:24 Daniels-MacBook-Pro Adobe AIR Installer[415]: Commandline is: -psn_0_307275
Feb 8 18:31:24 Daniels-MacBook-Pro Adobe AIR Installer[415]: No installed runtime detected
Feb 8 18:31:25 Daniels-MacBook-Pro Adobe AIR Installer[415]: -[__NSCFString backingScaleFactor]: unrecognized selector sent to instance 0x2879500
Feb 8 18:31:29 Daniels-MacBook-Pro com.apple.launchd.peruser.501[147] ([0x0-0x4b04b].com.adobe.air.Installer[415]): Job appears to have crashed: Bus error: 10
Feb 8 18:31:29 Daniels-MacBook-Pro ReportCrash[417]: Saved crash report for Adobe AIR Installer[415] version 3.1 (3.1.0.4880) to /Users/danielskeen/Library/Logs/DiagnosticReports/Adobe AIR Installer_2012-02-08-183129_Daniels-MacBook-Pro.crash
Can anyone help?
Thanks
Dan