There are 2 known issues with Shared Folders in RC2: 1. Browsing SF from the root in MS Office doesn't work. But if you directly enter full path - it should work. 2. SF doesn't renewed when updating Parallels Tools - a lot of problem comes from here. Because of this you still reporting issues which were fixed in earlier betas. Solution - unistall Parallels Tools and then install it again. Both issues will be fixed before GA.