I checked the logs again this morning and found this in the setup log from my last try this morning:
Zenphoto Setup v1.4.2.4[10045] Tue, 03 Jul 2012 02:59:55 -0600
Query error: Access denied for user 'root'@'localhost' (using password: NO)
fail: Database setup in configuration file Access denied for user 'root'@'localhost' (using password: NO)
warn: albums folder [The line $conf['album_folder'] is missing from your configuration file] You should update your configuration file to conform to the current zenphoto.cfg example file.