Downgrade DirectX?  

I don't see why it wouldn't work on your desktop...

Do you have a NVidia graphics card in Device Manager?
Any options to disable certain graphics in the bios?

Try setting the power profile to High Performance then launch BF3.

TManTM said:

'Kay, guess I will just wait untill tonight. It is weird though, you think DirectX would be smart enough to be able to downgrade.

It has nothing to do with DirectX. It all has to with BF3 and your graphics card.
After installing the DirectX runtime, you have version 9.0 to 11.0 installed.

Well one thing I can tell you is you have the Acer Aspire 5742 not 5742G. G includes a Nvida graphics card.

Second there's like 50 threads on Google with the same problem.

And from what I can tell is your CPU has integrated graphics and your chipset also specifies integrated graphics so there could be a problem here. I have no experience with CPU's with integrated graphics but and I would think a laptop would only have one enabled but maybe you could browse the BIOS with anything to do with this, maybe under CPU configuration.

BTW where did you check for the latest driver? I noticed the latest one on Acers site is dated 07/12/2011 you could check using this page - Intel® Driver Update Utility for graphics drivers

If all this fails then your graphics chip is probably not supported by BF3.

Looks like it might be a game for the desktop.
Sorry I can't provide any more help.