I installed the latest Parallels beta and set up my Boot Camp Win XP install as a VM. I've heard reports that Win XP will require reactivation when you run the VM, but... I booted up the VM and bypassed activation (was given 3 days to activate). The first time I booted XP up in Boot Camp, I got the same message! Again, I bypassed activation. Now the next time I booted XP as VM, XP said that I cannot login without activating right away. WTF! My question is this. If I activate in VM, will I again be asked to activate when I boot directly in Boot Camp? And when I do that, will I again be asked to activate in Parallels? And on and on and on? Now the activation process is quick, so I'm willing to put up with this until Parallels figures out a way of fooling Win XP into thinking that the hardware setup is the same in VM and Boot Camp, but I'm concerned that doing this so often will somehow put up a red flag on the Microsoft activation server and I will then not be able to activate at all. Anybody know the full story on this?