Yesterday I ran Parallels compressor on my test installation, which consists of an XP VM on two virtual hard disks: One on the main hard drive for the Windows system files and an additional virtual hard disk on a second physical hard disk as the data drive. Everything seemed to complete correctly, but when I started up again this morning the virtual data drive was gone. Poof. Completely gone, with all its data. Not a trace of it anywhere to be found (I updated the unix database and ran Locate just to make absolutely sure). I'm running Parallels 3150 on a Mac Pro with 3GB of memory, 768MB were assigned to the virtual machine.
Compressor wasn't the culprit Follow-up: I just realized that it wasn't Compressor that was the culprit. I was using the same virtual data drive for more than one virtual machine and I had deleted an old virtual machine that I had imported from VMWare and configured to access the same virtual data drive without thinking about the consequences for the virtual data drive. That probably also deleted the virtual data drive. Sorry for the false alarm...