There's going to be a lot of stuff installed on your C: drive whether you want it there or not.
The installation program asks you when you want to put things, which is nice since I always want to put things anywhere but on the C: drive, but then it goes and puts a bunch of stuff on C: anyway (I hate it when programs do that).
Just Studio Instruments is 1.2 GB under Program Files x86 and Native instruments put 130mb or so of stuff un Program Files and Propeller Head put some stuff there as well.
So if you don't have at least 1.3GB of free space on C: you might have a problem. (funny how 1.3gb doesn't sound like very much anymore...)