The McAfee Antivirus and Host Intrusion Protection causes this. Turn off all those services when you are generating an image.
HIPS and HIPS core are disable, and so is the BMC CCM (just in case). Any thoughts?, WAIK is x86, and the VM has 2gig.
What I ended up doing was configuring a VM that did not have ANY McAfee software installed.
Try removing the software from your VM to see if that works.