There should not be a problem installing the system on the same machine as SQL Server as the express products install the sql express system to an named instance (.\SQLEXPRESS). When you do install the system you will find that the application does not create a folder unde the programs list in the start menu... it just creates an icon under the main programs list. I would check to make sure that you have a directory under your program files directory on you C Drive.
If there where any problems with the install you should find some log files under a visual studio directory in your program files, Also you might want to check you event log for any errors.
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