Sorry I'm not a real Linux wizard, just learning. I was running RH 7 install on my computer when it stopped during setup and asked me 
to mail you this.  It was after "disk druid" and after formatting. I selected "all" packages. Machine briefly is a ASUS system board with a 
440bx chipset, P2-350 MHz, 384 megs RAM, 30gb HDD, ATI Xpert 2000 video, Adaptec 2940 SCSI, Soundlbaster AWE64, DVD-ROM, SCSI 
CD writer, etc.  The error report means little to me. Hope it helps you. 

---------------------------
Traceback (innermost last):
  File "/var/tmp/anaconda-7.0.1//usr/lib/anaconda/iw/progress_gui.py", line 20, in run
    rc = self.todo.doInstall ()
  File "/var/tmp/anaconda-7.0.1//usr/lib/anaconda/todo.py", line 1480, in doInstall
    if self.method.systemMounted (self.fstab, self.instPath, self.hdList.selected()):
  File "/var/tmp/anaconda-7.0.1//usr/lib/anaconda/image.py", line 46, in systemMounted
    self.loopbackFile = mntPoint + fstab.filesystemSpace(mntPoint)[0][0] + \
  File "/var/tmp/anaconda-7.0.1//usr/lib/anaconda/fstab.py", line 258, in filesystemSpace
    space.append((mntpoint, isys.fsSpaceAvailable(topMount + '/' + mntpoint)))
  File "/usr/lib/anaconda/isys.py", line 16, in fsSpaceAvailable
    return _isys.devSpaceFree(fsystem)
SystemError: (2, 'No such file or directory')

Local variables in innermost frame:
fsystem: /mnt/sysimage//fat32

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

<failed>