Error when starting Office: sku011.cab could not be found

If you get the above error when starting Office for the first time (repair due to new profile),
then fire-up your regedit.

Navigate to HKEY_LOCAL_MACHINE -> Software->Microsoft -> Office -> 11.0 -> Delivery -> {91E30409-6000-11D3-8CFE-0150048383C9} and change the value of CDCache to 0 (zero).

A website dedicated to this error can be found here.