From Bugzilla Helper:
User-Agent: Mozilla/4.0 (compatible; MSIE 5.5; Windows 98)


Traceback (innermost last):
  File "/usr/bin/anaconda", line 438, in ?
    intf.run(todo, test = test)
  File "/var/tmp/anaconda-7.0.1//usr/lib/anaconda/text.py", line 1030, in 
run
  File "/var/tmp/anaconda-7.0.1//usr/lib/anaconda/text.py", line 507, in 
__call__
  File "/var/tmp/anaconda-7.0.1//usr/lib/anaconda/todo.py", line 1543, in 
doInstall
  File "/var/tmp/anaconda-7.0.1//usr/lib/anaconda/todo.py", line 1298, in 
instCallback
OSError: [Errno 2] No such file or 
directory: '/mnt/source/RedHat/RPMS/setup-2.3.4-1.noarch.rpm'

Local variables in innermost frame:
fn: /mnt/source/RedHat/RPMS/setup-2.3.4-1.noarch.rpm
total: 0
self: <todo.ToDo instance at 8269160>
h: <header object at 87f9518>
amount: 0
intf: <text.InstallProgressWindow instance at 8e0bd08>
what: 2

ToDo object:
(itodo
ToDo
p1
(dp2
S'method'
p3
(iimage
CdromInstallMethod
p4
(dp5
S'progressWindow'
p6

<failed>


Reproducible: Didn't try

All three install options select on a Workstation, games, etc.