My system is not overclocked at all so I'm sure thats not the problem.
I will try memtest86 a bit later today and see if thats the problem.
Well some news, it seems that the ide=nodma works as the media check passed this is what I typed at the boot prompt:
Code:
linux mediacheck ide=nodma
The media check seemed to go a bit faster, and after 100% it told me that the media was fine to use, result 
I then chose the continue option to see if it would let me get into the GUI no such luck 
However, upon messing around with the ALT buttons I found a bit of info (note I'm not posting the whole thing, only the bits that look interesting as I'm copying these out by hand.)
Pressing ALT + F4 Gives me:
Code:
<4>program anaconda is using a deprecated SCSI loctl, please convert it to SG_IO
<4>program anaconda is using a deprecated SCSI loctl, please convert it to SG_IO
Note that that line is repeated twice.
Pressing ALT + F3 gives me:
Code:
10:14:53 ERROR: failed loading mousedev module
10:14:56 INFO: Starting graphical installation
10:14:56 INFO: anaconda floppy device fd0
There is nothing after the last info about the floppy. Leading me to believe that it could possibly be a floppy drive problem?