Windows 7: Installing XP with VirtualBox, Then Installing Programs to Virtual OS?

I have 7 Ultimate right now, I want to install XP through VirtualBox, which is all well and fine, I know how to do that. But my question is; can I install programs that will be using XP?

Say I give the virtual OS like 30gb of space, around 2gb of RAM, then while running XP in VirtualBox, can I then install programs that will be running with XP?



Thanks!

Absolutely! You install programs to the virtual machine the same way you would on a physical machine. The virtual machine will be able to access the DVD drive, USB drives, internet, network shares, etc... to be able to install software the same as with a physical machine.

Alright to get a little more complicated...

The video drivers that I have installed right now are for 7, do I need to reinstall video drivers for this virtual OS? What about service packs, etc.

Basically I'm trying to avoid dual booting my machine, if I can do EVERYTHING virtually, then great.

The main reason I'm doing this is so I can go back and play Far Cry 2, haha. Windows 7 sp1 doesn't seem to like the game very much, especially running DX10. Too buggy, game configurations keep restarting after each time I exit the game.

I know wrong forum, but I tried Win8 in VirtualBox and I saw that I needed to have VT in order to install Win8....Does Win8 require VT or is that just part of VirtualBox?