This is still quite early software, I have never gotten any version of Monterrey running on my Mac mini M1.
None of the betas could be installed, and now even on the released Monterrey, the download succeeds again, but the install is still broken!
10-29 13:08:36.964 F /prl_client_app:40642:2fbd9/ localhost: received event PET_DSP_EVT_APPLIANCE_ARCHIVE_UNPACK_STARTED, code = [101302]
10-29 13:08:37.005 F /prl_macvm_create:9416:16caf5/ Failed to load IPSW: Internal Virtualization error. Unable to load restore image at path "/Users/jerry/Parallels/{6455fe7a-8dcf-4dfb-9697-46e790ca2d9a}/UniversalMac_12.0.1_21A559_Restore.ipsw".
10-29 13:08:37.006 F /HostUtils:309:16b4ad/ Process finished. pid 9416, exit code 1, cmd '"/Applications/Parallels Desktop.app/Contents/MacOS//prl_macvm_create" "/Users/jerry/Parallels/{6455fe7a-8dcf-4dfb-9697-46e790ca2d9a}/UniversalMac_12.0.1_21A559_Restore.ipsw" "/Users/jerry/Parallels/{6455fe7a-8dcf-4dfb-9697-46e790ca2d9a}/macOS 12.macvm"'
10-29 13:08:37.006 F /disp:309:16b4ad/ Download appliance: cannot extract VM from '/Users/jerry/Parallels/{6455fe7a-8dcf-4dfb-9697-46e790ca2d9a}/UniversalMac_12.0.1_21A559_Restore.ipsw' archive !
10-29 13:08:37.006 F /disp:309:16b4ad/ Error occurred while download appliance with code [0x80041508][PRL_ERR_APPLIANCE_CANNOT_EXTRACT_VM]
10-29 13:08:37.007 F /disp:309:16b4ad/ Task '22Task_DownloadAppliance' with uuid = {41d238dd-366c-48f6-bd16-248e75bd8023} was finished with result PRL_ERR_APPLIANCE_CANNOT_EXTRACT_VM (0x80041508) )
10-29 13:08:37.008 F /prl_client_app:40642:2fbd9/ localhost: received result for [DspCmdInstallAppliance]. RC = [PRL_ERR_APPLIANCE_CANNOT_EXTRACT_VM]
10-29 13:08:37.008 F /prl_client_app:40642:2fbd9/ Error message PRL_ERR_APPLIANCE_CANNOT_EXTRACT_VM was skipped
10-29 13:08:37.008 F /AbstractTask:40642:2fbd9/ Subtask 0 [InitiateDownloadProcess] completed with RC = 80041508 [PRL_ERR_APPLIANCE_CANNOT_EXTRACT_VM]
10-29 13:08:37.009 F /AbstractTask:40642:2fbd9/ Finishing task InstallAppliance <0x6000003957c0> with RC = 80041508 [PRL_ERR_APPLIANCE_CANNOT_EXTRACT_VM]
10-29 13:08:37.010 F /prl_client_app:40642:2fbd9/ localhost: sending [DspCmdUserGetProfile] request...
10-29 13:08:37.010 F /disp:309:2fc75/ Processing command 'DspCmdUserGetProfile' 2045 (PJOC_SRV_GET_USER_PROFILE) from client [{2e6e21dd-bda1-476a-bfa9-d2a301a2f577}]
10-29 13:08:37.017 F /prl_client_app:40642:2fbd9/ localhost: received result for [DspCmdUserGetProfile]. RC = [PRL_ERR_SUCCESS]
