Since upgrading to Lion, Windows 2003 guest OS's can't mount USB drives. They are detected, but they do not get a drive letter and only show up as unformatted partitions in Windows drive manager. They can be formatted with NTFS, HFS, or VFAT and it doesn't matter. None of them will mount.
The only things that do mount are those psuedo-CD partitions WD puts on its external hard drives as the first partition. They mount and get a drive letter, but they will not read.
I've tried Seagate, WD, Maxtor, and Firelite drives. Nothing works, and they all worked prior to upgrading to Lion. They all work just fine on Lion, too.
The disks mount fine on Windows 7 and Ubuntu 11.04 guests.
27" Mid 2010 iMac
OS X 10.7
Parallels
Build 6.0.12094
(Revision 676494; July 13, 2011)
Last edited: Jul 26, 2011