I'm unsure whether to buy Fusion or Parallels when I get my copy of Windows 7? Any advantages of one over the other for using Windows 7?
I agree with this, since version 1.0 Fusion has been way better for Linux compatibility. However, Parallels is noticeably faster with Windows XP and is a great product.I've bought both - Parallels first, VMWare Fusion later - and can say that VMWare Fusion is the MUCH better and more flexible product, especially when you are also going to use other guest operating systems than Windows. In my experience, the only guest OS that Parallels supported quite well was 32-Bit Windows XP.
I am using Boot Camp already (32 BIt Win) and don't have much problem, but I don't like to have to reboot in order to change from Snow Leopard to Windows XP. That was why I am looking into parallels 5 or VMWare Fusion 3 and trying to decide which would be better for me?I've bought Parallels 5 and I love it, according to them they are up to 22% faster than Fusion 3. I've never tried Fusion myself, but with your setup I'd do this:
Install XP 32-bit into Boot Camp, and create a virtual machine from the Boot Camp partition, that way you can boot into Windows if necessary and you can also run it side by side with your Mac.
I don't know if you can create a virtual machine from a Boot Camp partition in Fusion 3, so you might want to check that out first.
Is that enough for your kind of video editing, is it serious stuff?