I've tried using the Adobe Customization Wizard to create an MSI installer template that installs Reader with all the preferences I want with the exception of the Adobe Updater. I ran it with the following command and it seemed to work fine with the exception of that Adobe Updater.
START /WAIT MSIEXEC /I AcroRead.msi ALLUSERS=TRUE REBOOT=SUPRESS TRANSFORMS=AcroRead.MST /QB-
I also tried looking for the correct registry entry to disable it with no success to date.
Any help would be appreciated. Thanks.