Next update:
Downloaded from here:
http://files.novalogic.com/C3/w7d6g53/F22L3_Install.exe
This installation worked.
Wow, messed up my desktop with switching to very low resolution :) Let me try and fiddle around with it to see if I can get it somehow pleasant to run.

Keep that .iso file somewhere. Are the other guys having this same thing with windows 10, if they use windows 10? When you get in the game there should be splash screen come on called hardware acceleration. If not, something's wrong. Mine works, but other guys say they are using nGlide and it works for them. It's just that I don't need nGlide for this particular title. It's a must have for F-16MRF and Mig-29 though.

So when you went to L3 setup off of the .iso mount, did it even get you to the product key entry?

I'm gonna be mailing you instructions for the next step about getting online and in the game. We look forward to it. Please inform anybody else in the =EF= team as well.

I just wanted to make sure of something SF. This wasn't the F-22 IBS version you had, was it? Is so, this guy is apparently running it on windows 10:

Some guy running the F-22 Raptor in windows 10