It turns out 0x80072EE2 is an Internet Time Out error:

0x80072EE2 -2147012894 ERROR_INTERNET_TIMEOUT

Suggested fix is to turn off non-MSWindows Firewalls...I use AVG.

I turned off AVG and retried and Update is now working.

The fix I posted above for Error 0x80248011 is a good fix.