I am having a similar issue with Parallels Desktop for Mac to version 6.0.11994, and the Parallels Tools will not install. I am running Windows 7 Ultimate (what a joke) and I have a MacPro 2 x 3 GHz Quad-Core Intel Xeon that this is running on. I tried changing the CPU's to 1 but it still wouldn't install. The difference with my install is that is looks like it is almost done then it rolls back the install.
I tried removing my McAfee AV software, cleaned up cache and old files etc. Still won't install. On top of that my Windows system is now crashing periodically, which it hasn't done for a long time.
There has to be something wrong with this latest Parallels release, which from what I am seeing here I am not the only one having problems. My Windows setup is about as barebones as you could expect and it is still having issues. I only use it for Quickbooks Pro and MS Excel. Otherwise I use my Mac for everything else.
Anyone have any ideas or do we just have to wait until the Parallels folks figure out there really is something wrong and do something about it??