ColdFusion 7.01 for Mac OS X installed flawlessly on a PowerBook running OS X.4. It integrates with apache (no context root) and by default offers to make the web root /Library/WebServer/Documents. By default it adds index.cfm to the DirectoryIndex line in the httpd.conf file to enable the default document (although this seems to be failing at this stage).
With CF 7.01, FarCry now deploys successfully on OS X (without all the long paths and context root issues from the past). Based on the improved FarCry install documentation (which outlines the Apache configuration required) the following line was added to the httpd.conf file to provide for a FarCry installation as the default site (where farcry_site is your farcry site name).
DocumentRoot /Library/WebServer/Documents/farcry_site/www
ServerName localhost
Alias /farcry "/Library/WebServer/Documents/farcry_core/admin"
Alias /CFIDE "/Library/WebServer/Documents/CFIDE"