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As another commenter pointed out, static "processing" messages are indistinguishable from "your system is hung". I think the best option is simply X/Y bytes downloaded, like Blizzard does on WoW patches. The fraction indicates how much is left to download, and the rate of the numerator changing informs how quickly the download is going. |
This is an important point. "Lying" progress bars are still conveying essential information - that the installation is progressing and isn't frozen. I remember from my days working with W98 and early Ubuntu versions, one of the most important bits of information coming from progress bars was whether or not the whole thing was frozen and needed the power cord pulled.