Windows 7 already has Windows XP mode (Virtual PC) http://www.microsoft.com/windows/virtual-pc/download.aspx and it's free.

>Anyone familiar with this product, they have a new Win 7 one coming out (guess its been in beta).
>
>http://www.parallels.com/products/desktop/pd4wl/
>
>Seems very affordable, and I have a new computer running Win 7 with 6 gig of memory, very fast processor and wondering if this would run XP within that speedy.