I am having the exact same problem. I am trying to install AsteriskNOW
1.0.2 (32-bit) on a virtual machine. The case here is

1. I already have a Virtual Machine with /dev/sda5 as its primary storage. That 
machine is shutdown.
2. Through virt-manager I add a Storage Drive to it (an IDE CDROM), and point 
it to the AsteriskNOW ISO file.
3. I make the CDROM as the bootable device.
4. It does boot without any problems, but gets stuck while loading anaconda (as 
in the message above), and gives the message of "hda: DSC Timeout" in VT4.

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KVM very, very slow with RedHat and Solaris guests
https://bugs.launchpad.net/bugs/239355
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