I don't think the 'disable' attribute will work on links, it work mostly on form elements such as inputs, textarea, button, etc.
But as @idealmachine said normal links <a>
can be disabled by returning false 'return false
' in javascript/jquery.
document.getElementById("uc_ii_lnkInstall").onclick = function() { return false; };
The return value of false in the old-style event handler prevents the default action (i.e. loading the javascript: URL).
If you want to gray out the image link, you would also need to swap out the image's src URL with one pointing to a grayed-out version of the icon and change the text's color using .style.color = "gray";
.