I have everything same in 10.04 LTS, local in parallels 7 On ec2 instances I have same 11.10 setup, it works perfectly. The only difference in local setup is I symlink /media/psf/Home/Sites to /var/www but this works fine on the other ubuntu 10.04 in the same parallels.
I get errors like can't find class in modules/ and models/services and those folders. So it seems like autoloader don't work properly on modules. So I'm assuming that these parts don't work
resources.modules = ""
resources.frontController.moduleDirectory = APPLICATION_PATH "/modules"
But as I said it all works on the ec2 instances. Thanks
As a test (temporarily), try copying the entire site away from /media/psf/* to something like /var/www/*.
If that works, the problem is likely a case-sensitivity issue. Is your host machine OSX or Windows?