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I have the exact same problem with the exact same system.
I also tried installing clean with with an 11/11 live install cd. When I boot live and start the install (on an empty drive), it fails with a "unable to resolve install target".
next i try to run "live" gparted before I try to install. this is where it gets weird. gparted recognizes the target drive but when I try to make a partition the only format options available is NTFS and blank with the rest of the options greyed out. When I try to make a blank partition i get an error with no message and the target drive no longer appears in the list.
lastly if i install solaris 11x and vmbox solaris 11/11 installs fine.