Hello Idris,
Congratulations!
Thanks.
What files exactly are downloaded? just mswincontext.zip?
Downloaded are all files from http://minimals.contextgarden.net/minimals/mswin They are current beta, I think.
What are the installation options?
There is only one option so far -- to do rsync or not to do it. This option must be On for the first time, since you have no files yet; it also be used to update Context by running the installer again. It may be Off if you just want to update environment vars.
It would be a good idea to add pdftex and xetex formats options as well.
The installer doesn't make format files itself. (It might be good idea, but I stuck with difficulties here). After setup, the installer prompts the user to build format files manually. User is free to use any engine; I only tested it for Luatex, as the most progressive one. And a thing I must notice -- sorry, it cannot be installed along with Miktex or TeXLive, because environment vars will clash. It's inevitable; if you want to use them in parallel, use Context in old way. This installer is for clean machines only. But there is good news also. Uninstall is possible :)
Thanks for the wonderful contribution
Thanks again. -- Best regards, Vyatcheslav Yatskovsky