When running the SharePoint 2010 Foundation Products Configuration Wizard you may get an error that the Configuration Database couldn’t be created (even if the System_Config DB is created on the database server).
Error: Exception: System.ArgumentException: Specified value is not supported for the {0} parameter.
Solution:
I am using Domain username and password for installation but Domain Controller is not accessible during the time of running the configuration wizard. Plugging in the network cable or connect the domain network and rerunning the wizard solved the problem.