2011 FAQ
From Docs
Cannot Execute Any Program
The cause of this has been determined to be a hostname problem inside of network manager. So, to get past this, you need to edit the following file (as root):
/etc/sysconfig/network
As root, edit /etc/sysconfig/network. Inside of /etc/sysconfig/network add the following:
HOSTNAME=whatever
Replace 'whatever' with the hostname you're going to set.
After this, save and then reboot.
You should now be able to execute programs.