Your X probably doesn't have xorg.conf but automatically detect devices. Since Fedora 9, there is no xorg.conf after installing.

I just want to turn on the SHMConfig in order to change some settings of Synaptics touchpad. I then found out I need to create a configuration file, but the fact is not necessary. I only need to add a setting to /usr/share/hal/fdi/policy/20thirdparty/10-synaptics.fdi:
<?xml version="1.0" encoding="ISO-8859-1"?>
<deviceinfo version="0.2">
  <device>
    <match key="info.capabilities" contains="input.touchpad">
      <match key="info.product" contains="Synaptics TouchPad">
    <merge key="input.x11_driver" type="string">synaptics</merge>
    <merge key="input.x11_options.SHMConfig" type="string">on</merge>
      </match>
      <match key="info.product" contains="AlpsPS/2 ALPS">
    <merge key="input.x11_driver" type="string">synaptics</merge>
      </match>
      <match key="info.product" contains="appletouch">
          <merge key="input.x11_driver" type="string">synaptics</merge>
      </match>
      <match key="info.product" contains="bcm5974">
          <merge key="input.x11_driver" type="string">synaptics</merge>
      </match>
    </match>
  </device>
</deviceinfo>
This file ships with Fedora 10 with an added line:
<merge key="input.x11_options.SHMConfig" type="string">on</merge>
That will enable SHMConfig after your restart X.

By the way, if you want to auto-disable the touchpad while external mouse attached, add a /etc/udev/rules.d/50-synaptics.rules with content as follows:
ACTION=="add", SUBSYSTEM=="input", ID_CLASS="mouse", RUN+="/usr/bin/synclient -s TouchpadOff=1"
ACTION=="remove", SUBSYSTEM=="input", ID_CLASS="mouse", RUN+="/usr/bin/synclient -s TouchpadOff=0"
You should see the touchpad being disabled/enabled if you plug/unplug a mouse without restart X.

You can read more about touchpad and input hotplugging on ArchWiki.

Updated on 2009-10-26: Added -s to synclient command, newer version requires specifying the use of SHM. Without that argument, the root account (or whom run the synclient) couldn't be able to set the touchpad's parameters.