I am having the same problem.
MacBook Pro 17 Core 2 Duo, 2.33GHz, 2 Gig RAM
On restart, holding option key, I can select to boot into Boot Camp Windows but I then get to the same black screen to chose a configuration and cannot select any options via keyboard. It does not seem to work. I must do a hard shut down with the power button.
This was the order of my installations/updates.
1. Installed Boot Camp and Windows XP Pro.
Booting into Windows with Boot Camp back and forth, no problem.
2. Installed Parallels. Latest regular build from download.
Did not create any VM or Windows installation. DID NOT install Parallel Tools into Windows.
3. Updated Parallels with latest Beta. THEN installed Parallel Tools into Windows after booting through Boot Camp as instructed.
4. Back to Mac OS and created VM from Boot Camp Hard Disc. Initailly got an error that it couldn't find disk but then after a black screen for several minutes, windows started popping around and Windows started up in Parallels. Worked in Windows XP for a while with no problem. Very cool.
5. Shut down Windows through Start button as recommended and Windows proceeeded to install 64 updates.
6. Restarted Windows through Parallels with no problem. On shut down Windows installed 1 update.
7. Tried to boot into Windows through Boot Camp and after selecting Boot Camp icon I got to the current situation with the black config screen and no further progress into WIndows.
NOTE: At one point, and I'm not sure exaclty when, probably after the first launch of WIndows through Parallels as stated above, I got the error that the hard disc Windows XP Pro couldn't be found, but all started up anyway.
Then when I went to restart I noticed that the partition disc was no longer mounted on the Desktop; but then appeared on next restart.
Hope this is all clear and I didnt't leave anything out. I would love to know what to do next so I don't have to trash all my installs and restart everything fressh.
Thanks,
J Lynn