I will say this, if you have already deleted Microstudio from your Harddrive, then you should be able to just install it. Also, if you rarely used your download link, you should be able to just click on it again and download Microstudio. I would recommend that you wait until this so called release of 2.5 I don't know that you will get the upgrade for free, but if so, then just wait until next week.
As far as being logged in as administrator. I don't know about MTU specifically, but some programs do require that you be logged in as administrator in order to remove them.
Try and log in as the first user and delete it. Then log in as STEVE2 (for lack of knowing) and install it. You should be fine.
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