I have your same configuration on a MBB and had 9g HD space left. I was running XPPro SP2 with 604 for menory and OSX dragged horribly, but after reading some of the forums lowered it to 412, which is what Parallels recommended. Both OSes run great. I get the occasional pop-up message that my VM system is low on memory and will increase it (set to Auto in prefs). I use the same apps VTMac does and have 3-4 of them open and they do fine, plus run Safari and iCal on the Mac side. No problem. I have not tried lowering the VM memory anymore.
I made a 10g Boot Camp partition and tried it as a VM but decided I did not need it and got rid of it. I use a firewire drive partition as a shared folder location and it works great. I even ran a VM from the Firewire drive.
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Last edited: Mar 10, 2007