If using a drush make file for an installation profile build media_gallery_library() defaults to 'sites/all/libraries' as the 'media_gallery_library_path' however this may not be the case as drush make will default to profiles/INSTALL-PROFILE/libraries instead of 'sites/all/libraries'.
As such during installation the following error is generated.
Type page not found
Date Monday, February 27, 2012 - 5:18pm
The file does exist at http://192.168.56.101/profiles/INSTALL-PROFILE/libraries/colorbox/colorb...