You have used the UpgradeCode instead of the product code.
The productCode for Java 7 update 60 is : {26A24AE4-039D-4CA4-87B4-2F03217060FF} for 32bit and {26A24AE4-039D-4CA4-87B4-2F06417060FF} for 64bit
The productCode for Java 7 update 60 is : {26A24AE4-039D-4CA4-87B4-2F03217060FF} for 32bit and {26A24AE4-039D-4CA4-87B4-2F06417060FF} for 64bit