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Same here. I follow instructions how to install 10.7 fom USB it's not working as descripted. After selecting install source VM starts but says no...
The IP address doesn't matter what is more important what is the TEXT in your Status field: "Parallels NAT is currently active and has the IP...
When you open network preferences and click on Parallels NAT what does is say under status? It should say: Parallels NAT is currently active...
I had the same problems after I do a complete uninstall and reinstall of Parallels on my Mac. The Parallels NAT network adapter would have a...