Identical behaviour, also on Windows 7 x64, but mine's Ultimate. Turning
off ACPI Aware client and APM power management in the VM BIOS had no
effect. Powers off shortly after the logo when trying to install. When
trying to run without installing, screen goes black with flashing cursor
and disk activity stops. I would keep trying but don't know what to try
next...

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Unable to install lucid lynx 10.04 beta 1 in Virtual PC virtual Machine
https://bugs.launchpad.net/bugs/556744
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