I used this image dated Feb. 3.
http://dl.fedoraproject.org/pub/alt/stage/17-Alpha.TC1/Fedora/x86_64/iso/Fedora-17-Alpha-x86_64-netinst.iso
I installed over an existing VM system, fedora 14 or 15, chose to install rather than upgrade.
I ended up with a bootable 'multi-user' system but I couldn't install or update until doing convertfs. I had assumed that by choosing the install option that the filesystem would already be changed.
After converting I managed an update and installed 'KDE Desktop Compilation' but I can not get X server to start and I can not build the virtualbox guest additions modules for the updated kernel.
It boots fast
but...
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