The file /etc/default/grub as shipped by grub2 contains "SYSFONT=True" in GRUB_CMDLINE_LINUX, (and in /boot/grub2/grub.cfg as well, being autogenerated from the this). This leads to a message "Cannot open font file True" being shown on the text console while booting, since "True" is not actually a valid font name. grub2-2.0-0.24.beta4.fc17.i686
How was the system installed? Which version of the installer image?
Install was done via the netinst.iso of FC 17, TC4, as downloaded from http://dl.fedoraproject.org/pub/alt/stage/17.TC4/Fedora/i386/iso/ . (Wrote the .iso to a USB stick and booted from there.)
It must be a duplicate ... but I thought it had been fixed in tc4 ... *** This bug has been marked as a duplicate of bug 799401 ***