This is a more general bug. To reproduce, simply change the name of the disk you are creating to something other than Mac OS X Basic. You'll end up with only an Applications folder.
For a reproducible case, do the following:
- Select Mac OS X Basic profile
- Add an app to the list of applications to be installed (not sure if this is required)
- Change the name from Mac OS X Basic to TechTool Repair Disk
3/30/12 9:20:57.863 AM [0x0-0x581581].com.micromat.protogo: No mount point for /Volumes/TechTool Repair Disk/System/Library/CoreServices
3/30/12 9:20:59.157 AM [0x0-0x581581].com.micromat.protogo: Error starting permissions repair for disk1s3 TechTool Repair Disk: Unable to determine the Mac OS X version on the targeted disk (-69831)