From the snap of the log file, it looks like DB connectivity issue.
20120129195156 E #03496 EPODAL DAL2_CConnection::Init: Error 0x80004005 returned from credentials callback. Database NOT available.
Is \core\config page opening? If yes then are you able to validate it succesfully?
I will suggest you to check the path of db.properties files in the registry (HKLM=>Software=>Network Associates=>ePO), look at the value of DBPropsFile and Install folder. Is it showing C:/PROGRA~2/McAfee............?
Thanks a lot
the problem was sql ports.
change it in the db.properties works!!
Thanks .. this worked well Mr. Claudio ..
update sql port details in db.properties as well as epo.properties inside server/conf/epo folder