I have this same issue with USB Hard drives... 10.6.5 (Normal and server) both seem to have messed with my machines ability to mount USB drives, these drives are in OS X format...
I'm downloading the combo update
http://support.apple.com/kb/DL1324
However I'm a little hesitant to follow the detailed instructions here (I will if I have to)... I bought a Mac so I would not have to deal with this type of mess....
Anyone else have any success?