Welcome to the forum.
How are your HDD's configured and allocated? I'd guess that you have 7x 2TB internals, but could be wrong.
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Have you followed the instructions in this FAQ?
Also, do you have any professional Adobe software installed on your system? The program's installation is known to conflict with Adobe Bridge.
Ok, now it gets pas the QuickTime load but still hangs on the "Install Full Content" screen.
system disk: 2TB (internal)
Scratch disk: 2x2TB SW Raid 0 (eSATA)
Media disk: 2x2TB SW Raid 0 (internal)
Spare disk: 2TB (internal)
Time machine: 2 x WDStudio 4TB HW Raid 0 connected by fire wire