I believe you can get the progress via the MSI API, but if I were you I would just show the progress bar from the MSI itself after invoking the install via msiexec.exe.
MSI supports several different installation levels (full, completely silent, basic GUI, reduced GUI etc...). In your case it sounds like you want a basic UI. This yields a progress bar where you can hide the cancel button, and optionally show a completion modal dialog:
Install silently with progress bar, no cancel button and no modal dialog at end:
msiexec.exe /I "Test.msi" /QB-!
To avoid having to construct these silly msiexec command lines manually, use the msi command line builder tool from Wise: http://www2.wise.com/filelib/WICLB.exe