BUG #3746: installation fails

The following bug has been logged online:

Bug reference:      3746
Logged by:          Mike
Email address:      michael.wutzke@emporis.com
PostgreSQL version: 8.2
Operating system:   Win2003/WinXP
Description:        installation fails
Details:

I tried to install PostgreSQL two times on different systems.

You will not be able to promote your software if the install fails.
Conclusion: The installation process is too complicated!

I talked with a colleague about it and he says he experienced the same
problems. You will not be able to expand your user base if you do not
eliminate these problems!!!


Error: The program "postgres" is needed by initdb but was not found in the
same directory as "C:/Program Files/PostgreSQL/8.2/bin/initdb". Check your
installation.

>>> I just clicked "OK" for every option.