Well,
First off you got to install VC as it is once. Then create a folder on your desktop called ext, in this folder you put the setup.bin (you downloaded), the setup.cbf and the setup.exe. There you put the first of your CBF files (the biggest), rename it to disk01.cbf, then press the setup exe and press install, now you got the first one ready. If you want to extract 0.96 you got to download the demo setup.exe instead.
Read this when you have done the steps above, the text below will oly be confusing:
There might be a problem with the install/play button in the setup.cbf. In fact I should've fixed that too, but you got to uninstall your VC installation in order to make the play option disappear. Of course you don't uninstall for real but you just rename the VC folder and uninstall, in that way it doesn't uninstall anything.
For the FA demo: Yes the FA demo installation is an exe. A RAR package, open it with WinRAR and you can easily extract the files needed and repeat the steps above.