I attached the Parallels screenshot I mentioned to this comment. If there is any more information I could provide that would help fix this issue, I would be more than glad to help. I obviously have a high interest in seeing this resolved. I also wonder if other Parallels for Mac users are experiencing this.
** Attachment added: "Parallels screenshot of the tty1 text after the Feisty Beta live CD fails to start up" http://librarian.launchpad.net/6931236/Parallels%20Picture%201.png -- Parallels Desktop for Mac Optical Drive not recognized https://launchpad.net/bugs/95830 -- ubuntu-bugs mailing list ubuntu-bugs@lists.ubuntu.com https://lists.ubuntu.com/mailman/listinfo/ubuntu-bugs
