got a little further, but it's still not working
I have no idea what I am doing, of course, but after playing around a bit I got the image to mount. An excerpt from the terminal session follows below. For some reason the CD image was at /dev/sr0. When I tried to mount it to /media/cdrom I got the "directory does not exist" error. So, I tried creating the directory and then mounting and that finally seemed to work.
[root@localhost /]# mount -o exec /dev/sr0 /dev/cdrom
mount: block device /dev/sr0 is write-protected, mounting read-only
mount: mount point /dev/cdrom is not a directory
[root@localhost /]# mkdir /media/cdrom
[root@localhost /]# mount -o exec /dev/sr0 /media/cdrom
mount: block device /dev/sr0 is write-protected, mounting read-only
Of course, when I then ran the install process it failed. I won't post the entire error log unless someone asks for it. But here is the final part of it. I hope it means something to someone out there ...
Start installation of prl_tg kernel module
make -C /lib/modules/2.6.29.4-167.fc11.i586/build SUBDIRS=/usr/lib/parallels-tools/kmods/prl_tg/Toolgate/Guest/Linux/prl_tg SRCROOT=/usr/lib/parallels-tools/kmods/prl_tg/Toolgate/Guest/Linux/prl_tg modules
make[1]: Entering directory `/usr/src/kernels/2.6.29.4-167.fc11.i586'
CC [M] /usr/lib/parallels-tools/kmods/prl_tg/Toolgate/Guest/Linux/prl_tg/prltg.o
LD [M] /usr/lib/parallels-tools/kmods/prl_tg/Toolgate/Guest/Linux/prl_tg/prl_tg.o
Building modules, stage 2.
MODPOST 1 modules
WARNING: modpost: missing MODULE_LICENSE() in /usr/lib/parallels-tools/kmods/prl_tg/Toolgate/Guest/Linux/prl_tg/prl_tg.o
see include/linux/module.h for more information
WARNING: modpost: Found 1 section mismatch(es).
To see full details build your kernel with:
'make CONFIG_DEBUG_SECTION_MISMATCH=y'
CC /usr/lib/parallels-tools/kmods/prl_tg/Toolgate/Guest/Linux/prl_tg/prl_tg.mod.o
LD [M] /usr/lib/parallels-tools/kmods/prl_tg/Toolgate/Guest/Linux/prl_tg/prl_tg.ko
make[1]: Leaving directory `/usr/src/kernels/2.6.29.4-167.fc11.i586'
Start installation of prl_fs kernel module
/usr/lib/parallels-tools/kmods/prl_fs
make -C /lib/modules/2.6.29.4-167.fc11.i586/build M=/usr/lib/parallels-tools/kmods/prl_fs/SharedFolders/Guest/Linux/prl_fs
make[1]: Entering directory `/usr/src/kernels/2.6.29.4-167.fc11.i586'
LD /usr/lib/parallels-tools/kmods/prl_fs/SharedFolders/Guest/Linux/prl_fs/built-in.o
CC [M] /usr/lib/parallels-tools/kmods/prl_fs/SharedFolders/Guest/Linux/prl_fs/super.o
/usr/lib/parallels-tools/kmods/prl_fs/SharedFolders/Guest/Linux/prl_fs/super.c: In function ‘prlfs_parse_mount_options’:
/usr/lib/parallels-tools/kmods/prl_fs/SharedFolders/Guest/Linux/prl_fs/super.c:65: error: ‘struct task_struct’ has no member named ‘uid’
/usr/lib/parallels-tools/kmods/prl_fs/SharedFolders/Guest/Linux/prl_fs/super.c:66: error: ‘struct task_struct’ has no member named ‘gid’
make[2]: *** [/usr/lib/parallels-tools/kmods/prl_fs/SharedFolders/Guest/Linux/prl_fs/super.o] Error 1
make[1]: *** [_module_/usr/lib/parallels-tools/kmods/prl_fs/SharedFolders/Guest/Linux/prl_fs] Error 2
make[1]: Leaving directory `/usr/src/kernels/2.6.29.4-167.fc11.i586'
make: *** [all] Error 2
Error: could not build prl_fs kernel module
Error: failed to install kernel modules
2009-06-12T00:34:17-0400: execCmd: ./install --install [143]
2009-06-12T00:34:17-0400: Error: An error occurred when installing Parallels Tools. Please go to /var/log/parallels-tools-install.log for more information.