Installation at the moment requires that you have a Linux system.

You will need to install the Meego Image Creator as per this wiki page

http://wiki.meego.com/Image_Creation
Ubuntu, Suse and Fedora all supported


For Open Suse Users just add this repo

http://repo.meego.com/tools/repos/opensuse/11.2/i586/

and install mic2 from YasT