Sorry I copied the wrong log.
What is happening is the Open Directory Assistant attempts to create and Open Directory Master but fails claiming there was a configuration error and to view the configuration log which I have copied below.
2011-07-28 19:57:45 +0000 command: /usr/bin/ldapmodify -c -x -H ldapi://%2Fvar%2Frun%2Fldapi
2011-07-28 19:57:45 +0000 command: /usr/bin/ldapsearch -x -LLL -H ldapi://%2Fvar%2Frun%2Fldapi -b cn=config -s base olcServerID
2011-07-28 19:57:45 +0000 command: /usr/bin/ldapmodify -c -x -H ldapi://%2Fvar%2Frun%2Fldapi
2011-07-28 19:57:45 +0000 command: /usr/sbin/mkpassdb -o -u diradmin -p -q
2011-07-28 19:57:46 +0000
2011-07-28 19:57:48 +0000 command: /usr/sbin/mkpassdb -setadmin 0xdc9dacf8b95311e0b494d49a20d93acc 0
2011-07-28 19:57:48 +0000 Admin's entry UUID is: 9134bc0a-a748-4161-b6b2-53c136b933b9
2011-07-28 19:57:48 +0000 Setting SASL realm to <SERVER.FREEMAN.PRIVATE>
2011-07-28 19:57:48 +0000 command: /usr/sbin/mkpassdb -setrealm SERVER.FREEMAN.PRIVATE
2011-07-28 19:57:48 +0000 command: /bin/launchctl load -w /System/Library/LaunchDaemons/com.apple.PasswordService.plist
2011-07-28 19:57:49 +0000 Stopping LDAP server (slapd)
2011-07-28 19:57:52 +0000 Starting LDAP server (slapd)
2011-07-28 19:57:52 +0000 Waiting for slapd to start
2011-07-28 19:57:52 +0000 ...
2011-07-28 19:57:54 +0000 Configuring Kerberos server, realm is SERVER.FREEMAN.PRIVATE
2011-07-28 19:57:54 +0000 command: /usr/sbin/kdcsetup -f /LDAPv3/ldapi://%2Fvar%2Frun%2Fldapi -w -a diradmin -p **** -v 1 SERVER.FREEMAN.PRIVATE
2011-07-28 19:58:18 +0000 Contacting the Directory Server
Authenticating to the Directory Server
Creating Kerberos directory
Creating KDC Config File
Creating Kerberos Database
Creating new random master key
Creating Kerberos Admin user
Creating ACL file
Adding kerberos auth authority to admin user
Starting kdc & kadmind
Adding the new KDC into the KerberosClient config record
Finished
2011-07-28 19:58:18 +0000 command: /usr/sbin/kdcsetup -e
2011-07-28 19:58:18 +0000 command: /usr/sbin/sso_util configure -x -r SERVER.FREEMAN.PRIVATE -f /LDAPv3/ldapi://%2Fvar%2Frun%2Fldapi -a diradmin -p **** -v 1 all
2011-07-28 19:58:19 +0000 command: /usr/sbin/mkpassdb -kerberize
2011-07-28 19:58:19 +0000 Updating user records and principals
2011-07-28 19:58:34 +0000 Asking OpenDirectoryConfig to bind to server: 127.0.0.1
2011-07-28 19:58:38 +0000 Attempting to open /LDAPv3/127.0.0.1 node
2011-07-28 19:58:38 +0000 Verified /LDAPv3/127.0.0.1 node is available
2011-07-28 19:58:40 +0000 command: /usr/sbin/sso_util info -r /LDAPv3/127.0.0.1 -p
2011-07-28 19:58:40 +0000 Creating Root CA
2011-07-28 19:58:41 +0000 ***Error creating domain CA. Error - The specified item already exists in the keychain.
2011-07-28 19:58:41 +0000 Root CA creation failed with error - -25299
2011-07-28 19:58:41 +0000 Destroying OD master as CA creation failed with error 75
2011-07-28 19:58:41 +0000 Logging slapd container data to /var/run/slapconfig_error_1311883121
2011-07-28 19:58:41 +0000 Stopping LDAP server (slapd)
2011-07-28 19:58:44 +0000 command: /usr/sbin/slapcat -l /var/run/slapconfig_error_1311883121/user.ldif
2011-07-28 19:58:44 +0000 command: /usr/sbin/slapcat -b cn=authdata -l /var/run/slapconfig_error_1311883121/authdata.ldif
2011-07-28 19:58:45 +0000 Error retrieving kerberos realm
2011-07-28 19:58:45 +0000 CopyReplicaArray: ldap_search_ext_s failed
2011-07-28 19:58:45 +0000 Error retrieving replica array
2011-07-28 19:58:45 +0000 command: /bin/launchctl unload -w /System/Library/LaunchDaemons/com.apple.opendirectorybackup.plist
2011-07-28 19:58:45 +0000 Deleting Cert Authority related data
2011-07-28 19:58:45 +0000 No intCAIdentity, not removing int CA from keychain
2011-07-28 19:58:45 +0000 command: /bin/launchctl unload -w /System/Library/LaunchDaemons/com.apple.xscertd.plist
2011-07-28 19:58:45 +0000 command: /bin/launchctl unload -w /System/Library/LaunchDaemons/com.apple.xscertd-helper.plist
2011-07-28 19:58:45 +0000 command: /bin/launchctl unload -w /System/Library/LaunchDaemons/com.apple.xscertadmin.plist
2011-07-28 19:58:45 +0000 _destroyLDAPServer: Failed to find computer record named server.freeman.private$: 2100 Connection failed to the directory server.
2011-07-28 19:58:45 +0000 Updating ldapreplicas on primary master
2011-07-28 19:58:45 +0000 Unable to locate primary master
2011-07-28 19:58:45 +0000 Primary master node is nil!
2011-07-28 19:58:45 +0000 Unable to locate ldapreplicas record: 0 (null)
2011-07-28 19:58:45 +0000 Error setting read ldap replicas array: 0 (null)
2011-07-28 19:58:45 +0000 Error setting write ldap replicas array: 0 (null)
2011-07-28 19:58:45 +0000 Could not retrieve xmlplist from ldapreplicas: 0 (null)
2011-07-28 19:58:45 +0000 Error synchronizing ldapreplicas: 0 (null)
2011-07-28 19:58:45 +0000 Removing self from the database
2011-07-28 19:58:45 +0000 Warning: An error occurred while re-enabling GSSAPI.
2011-07-28 19:58:45 +0000 Stopping LDAP server (slapd)
2011-07-28 19:58:46 +0000 cleanKeytab: unable to retrieve default realm