Thanks, I set memory to 800 MB and was able to boot 2008 11 pre-release 
ISO.  


> You need a *minimum* of 512M of ram for the virtual machine.  Anything
> less and it won't work.  That said, 2008.11 releases (certainly those
> based on build 99 or higher) don't currently work with 512M of ram and
> require more (768M seems to be ok).  We're working on tracking down why
> this is, since our goal is to have a system installation requirement of
> 512M.  So 2008.05 should work just fine in 512M (though very very very
> slowly).  That said, 1.5.6 is awfully old (and pre-dates Sun's
> involvement not that that means anything).  While I don't know that your
> issues can be solved in the later releases, I do know that I personally
> have installed 2008.05 and 2008.11 in both 1.6.6 and 2.0.2 just fine
> (with the aforementioned memory caveats).  That would be my suggestion,
> upgrade virtualbox for starters and add more memory if possible to your
> host so you can free some up for virtual machines.
>
> Cheers,
>
>   


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