Run Error idea.config.path on VMware

I'm having a problem running PhpStorm on my VMware Windows 7 Machine. Heres my current setup

I have a Mac OSX Lion using VMware to host my VM Windows 7.

I have installed PhpStorm (with no problems) to the current path "C:\Program Files (x86)\JetBrains\PhpStorm 4.0.3"

When i go to run the program i get the following error

Config path '\\vmware-host\Shared FOlders\.WebIde40\config' is invalid.
If you have modified the 'idea.config.path' Property please make sure it is correct, otherwise please re-install the IDE.

How do i fix this problem i have installed on the PC machine and im at a loss.

Attached is the error snc shot.

Thanks