Useful list,
Grump642. Well,
Nightwatch, while it won't be as fast as those systems with Intel VT or AMD-V, you can still do pretty much exactly the same thing with lots of existing virtualization software out there.
The difference might just be cost, as the XP license comes with Windows 7 -- although it is a separate download at the moment. And it may be possible to get the copy anyway, since MS wants folks to buy the new OS for obvious financial reasons.
And those folks wanting to run their legacy games may be disappointed in any case, as the VT reduces the I/O hit, but doesn't eliminate it --
at best. The current impression I have is that the I/O is assigned to a specific OS, and in shared environments there's either a translation cost going from one environment to the other, or exclusive ownership of a hardware feature.
This last is probably what
nandersen is experiencing. That might be locally "fixable" by not using the 3D video card in Windows 7, so that XP can use it. This might be better controlled by software in the future.
Why does this issue exist? Well, while the CPUs have explicit virtualization support, the I/O interface chips currently don't.
The situation is different than dual-booting, where you only have one environment running at a time with no I/O conflicts.
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Windows 7, even with the new DRM, might not be that bad an OS if MS has truly learned their lesson with Vista.¹ It obviously can take advantage of newer hardware features, like the SATA install mentioned by
nandersen, although I thought you could do that with Vista. (In fact, you can do that with XP, but you have to "slipstream" the needed support into your install disk or image.

)
One complaint is the cost of change² for folks. Rearranging menus and forcing the use of ribbons may be more efficient in the long run, but converting to them and learning all the new places of items can be more expensive than staying on the old path. QWERTY vs. Dvorak is a good example.
The more they can give us both legacy and new options, the better I will like it.
With that said, I'm probably going to be using a Linux distro more for personal use. That has its own problems, with every distro saying "Me, me!" or "No, me, me!" But I find that I actually prefer most OSS applications to the proprietary ones, even if both were the same cost.
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¹
"The most amazing achievement of the computer software industry is its continuing cancellation of the steady and staggering gains made by the computer hardware industry." --Henry Petroski
²
"There is nothing more difficult to carry out, nor more doubtful of success, nor more dangerous to handle, than to initiate a new order of things. For the reformer has enemies in all those who profit by the old order, and only lukewarm defenders in all those who would profit by the new." -- Niccolò Machiavelli,
The Prince