Same problem here. I've had to reinstall my entire system once before, and also Boot Camp alone once before due to this problem. Tried again today and got the same deal. Luckily, I was able to select Safe Mode in Boot Camp after a few restarts (usually, I can't select anything with my keyboard), and used System Restore. I also have Kaspersky installed, so I think that's probably the problem. I think I'll uninstall it, reinstall Parallels Tools, and get back to you guys (though I will likely be hitting myself in the face in an hour).
EDIT: Again, after several restarts, I was able to select the profiles, and booted Windows XP without a BSOD! Seems like Kaspersky is indeed the problem.
EDIT2: Still a BSOD when trying to boot with Parallels.
Last edited: Dec 17, 2006