Virtual PC 2007

Save time and money as Virtual PC allows you to maintain the compatibility of legacy and custom applications during migration to new operating systems and increases the efficiency of support, development, and training staffs. With Microsoft® Virtual PC 2007, you can create and run one or more virtual machines, each with its own operating system, on a single computer. This provides you with the flexibility to use different operating systems on one physical computer.

System Requirements

  • Supported Operating Systems: Windows Server 2003, Standard Edition (32-bit x86); Windows Server 2003, Standard x64 Edition; Windows Vista Business; Windows Vista Business 64-bit edition; Windows Vista Enterprise; Windows Vista Enterprise 64-bit edition; Windows Vista Ultimate; Windows Vista Ultimate 64-bit edition; Windows XP Professional Edition ; Windows XP Professional x64 Edition ; Windows XP Tablet PC Edition
  • An x64-based or an x86-based computer with a 400 MHz or faster (1 GHz recommended) processor with L2 cache
  • Processor: AMD Athlon/Duron, Intel Celeron, Intel Pentium II, Intel Pentium III, Intel Pentium 4, Intel Core Duo, and Intel Core2 Duo
  • RAM: Add the RAM requirement for the host operating system that you will be using to the requirement for the guest operating system that you will be using. If you will be using multiple guest operating systems simultaneously, total the requirements for all the guest operating systems that you need to run simultaneously.
  • Available disk space: To determine the hard disk space required, add the requirement for each guest operating system that will be installed.
Download: 32bit | 64bit
Link: Release Notes | Forum Discussion (Thanks CoolCatBad)
News source: Microsoft

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every time I install it, when starting up it says

"Virtual PC has detected an invalid or missing Product ID"..." A valid product ID is required to operate virtual pc. please re-run the virtual pc installer and enter a valid product id when requested"... um? it never asked for a PID to start with when I install it..

Check this registry location (it might not have write access):

HKEY_LOCAL_MACHINE/SOFTWARE/Microsoft/Virtual PC/5.0/Registration
and value PID (REG_SZ). Add "Wow6432Node" after SOFTWARE, if using 64-bit Windows.

Any number in PID format seems to work. You could use the one from your Windows installation (General tab, System Properties; run "control sysdm.cpl" to show).

Unfortunately this software has no USB support... so it is kind of... complety... unuseful. Senseless.
(Except if for any tremendously casual reason you don't need to access external hardware.)

I did this one in a rush. Thanks for the links :)
edit: The source link worked fine for me, but I changed it just in case it wasn't working for others.