Running AROS from the iso.image is fun, but it can be very frustrating when it comes to save User preferences: She has to "install" AROS on a disk.image...

Requirements:
Create a Disk image:

Named 'disk.img', with a size of 100MB (aught to be enough...:)

 > qemu-img create disk.img 100M
Boot Qemu from the AROS CDROM:

For instance, on Linux:

 > qemu -cdrom aros.iso -hda disk.img -boot d -m 48

On Windows (You must run this from the directory qemu is located in):

 > qemu.exe -L . -cdrom aros.iso -hda disk.img -boot d -m 48
Partition the Disk in AROS:

From the Wanderer menu -> Execute Command -> "HDToolBox".

Here is a screenshot: 
Enter ata.device (by double clicking it on the list) 
Now select QEMUHARDDISK
Click Create table and select PC-MBR
Enter QEMUHARDDISK
Click add entry, and select all possible space, this will create partition 0
select partition 0
Now do another create table and choose RDB
Click the switches button and choose active
Enter partition 0
Again, click add entry and select all available space, which will create DH0
Select DH0
Now click the Change type button, and choose Fast Filesystem intl
Click the switches button and choose the following options: Automount, Bootable
Now, go back up to QEMUHARDDISK by 'entering' ..
Select QEMUHARDDISK and you will see that the Save changes button will become active
Click Save changes and.. confirm all
Quit HDToolBox.
Reboot AROS by executing reboot from the execution menu item in Wanderer.
Install AROS:

Now in the shell (can be started from the Wanderer menu, under 'shell') the 'Assign' command should show you this 'DH0:'.

If not, repeat the last HDToolBox sequence.
If 'DH0:' is mounted:
 > Format drive dh0: name System 
> sys:
(next one will take some time, depending on the aros.iso weight)
> copy #? dh0: all quiet
> DH0:boot/grub
> copy stage2_hdisk stage2
> copy menu.lst.DH0 menu.lst
Install Grub ~BootLoader:

In the shell, type:

 > c:install-i386-pc device ata.device unit 0 grub dh0:boot/grub kernel dh0:boot/aros-i386.gz
Now, you can quit Qemu, you are done with the installation.
Have Fun:

Launch Qemu again, now with:

 > qemu -hda disk.img -m 48

Windows users use:

 > qemu.exe -L . -hda disk.img -m 48
You should see Grub HD menu, then be asked for graphics drivers as usual.
When under AROS, don't forget to modify this menu in 'sys:boot/grub/menu.lst' to suit your needs.