After wasting several hours, it turns out that, before installing a WindowsForms for .NET 2.0 application that requires CrystalReports, one needs to install CRRedist2005_x86.msi from C:\Program Files\Microsoft Visual Studio 8\SDK\v2.0\BootStrapper\Packages\CrystalReports it should be easier to find...
In that folder there is also a product.xml that could be for bootstrapping the CRRedist2005_x86.msi with you own .msi so that you can install everything in one step (well, I think it is for that) I have to do more research...
