Computer Account Does Not Replicate In Time On CCR Install

Re-run the setup with the following:

Setup /NewCms /CmsName: /CmsIpAddress:

Example:
Setup /NewCms /CmsName:madcluster/CmsIpAddress:10.54.5.5

If it still fails then move the PDC Emulator to the site that you are setting the cluster up in temporarily.

Taken from experience and
http://support.microsoft.com/kb/947345