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We've used it at college to experiment with dual booting, without messing their PCs up. It's fairly good - we installed Linux and XP together in one Virtual PC.
I'm also using a Mac Virtualisation software to install and experiment with Linux on my own Macbook - it really helps. I was only reading today in PC Advisor, a computer magazine, that it's a good idea when testing out new software - if you get infected with a virus, or the computer crashes in virtualisation, then it's no big deal. On the other hand, it would be a big deal if it happened on the native OS.
For this reason alone, it's a good idea, and MS Virtual PC isn't a bad virtualisation machine itself. I say go for it
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