BUG #2731: Cannot install PostgreSQL server on WinXP Media Center Edition

The following bug has been logged online:

Bug reference:      2731
Logged by:          Leonid Shlyapnikov
Email address:      lshlyapnikov@gmail.com
PostgreSQL version: 8.1.5-1
Operating system:   Windows XP Media Center Edition Version 2002 Service
Pack 2
Description:        Cannot install PostgreSQL server on WinXP Media Center
Edition
Details:

During the installation I have the following error:

--------------------------------------------------
Product: PostgreSQL 8.1 -- could not connect to server: Connection refused
(0x0000274D/10061)
    Is the server running on host "127.0.0.1" and accepting
    TCP/IP connections on port 5432?
--------------------------------------------------

After installation it is not possible to start the corresponding service.

System Event Viewer has the follwoing entries:

1. The PostgreSQL Database Server 8.1 service was successfully sent a start
control.
2. The PostgreSQL Database Server 8.1 service entered the running state.
3. The PostgreSQL Database Server 8.1 service entered the stopped state.