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21 Jul 2009  

Windows 7 7600.16384 x64

Yes it is. But the newer version allows for XP mode, and also passing thru attached USB devices. You can now use usb devices on your guest OS that are from the Host OS.

There are some other features, but to me, it is not that much different. Oh yeah and the new integrations maps drives on the guest machine to the host machine...

you can see some features here...

Windows Virtual PC: Features
My System SpecsSystem Spec