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Cannot create new Boot Camp VM or upgrade existing VM on parallels 4

I recently upgraded fra Parallels Desktop 3 til 4 (version 4.0.3540) and everything more or less stopped working.

I cannot upgrade my existing Boot Camp VM to version 4, or create a new one. I get the same error message every time:

"Failed to configure the Boot Camp partition's hard disk.

A disk configuration error has occurred. Make sure that you have read/write permissions for the disk."

I have searches the Parallels Forum, and several people seem to be having the same problem. I have left several error reports with Parallels, but no help has been forthcoming, and the company hasn't come up with a solution (to what seems to be a massive problem) or taken reasonable action - like offering refunds.

Anyone have a working solution to this problem (my prefered solution) or at least have a way of making Parallels take this problem serious, instead of ignoring customers as people are reporting on several forums?
 
sad I’m frustrated, feel cheated
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