Installation diskette #1: looking good! Ready for diskette #2? oh yeah!
Aaaaaaaaand... the dreaded System Trap c0000005.
I tried Warp 3 as well, and it simply locked up during the splash screen. But I know it's at least possible!
(On the bright side, bochs will read the compressed installation diskettes directly off the OS/2 install CDs, so I don't have to go through the trouble of booting to DOS in order to make the OS/2 installation diskettes, and then converting the diskettes to image files on my hard drive. So that's pretty nifty, even though it won't actually install.)