On Lion, when attaching a USB flash drive I would get the pop up asking which machine to mount it to, Mac or Win VM. Since upgrading to Mountain Lion I get the same pop up, but OS X already mounted the drive and it will cause an error if I choose Windows. Before the upgrade, OS X didn't mount it anywhere until I made a choice. As a workaround, I eject the drive in Finder, then mount the USB drive from the VM menu.