I think the only way would be to completely uninstall the game, then reinstall. Even then, I think you would have to run the game without logging into GFWL, as I think the game won't let you play while logged in until all updates are applied.
And if you do that you forfeit achievements, if that matters to you.
Thanks for that. Achievements mean less to me than 3 week old roadkill, so no issues there. And actually looking back on it, my guess would be that even with the uninstall and subsequent installation I would still have the most recent version (i.e. the version causing problems).