Some facts:
* Only PDM 5 and 6 can be upgradable to PDM 7.
* Only PDM 6 and 7 are compatible with Lion.
* I don't think PDM 2.5 is even compatible with Snow Leopard.
To get Parallels to work in Lion:
* You have to acquire a full PDM 7 license (no upgrade license).
* You should uninstall the old PDM 2.5 and but keep the old Virtual Machines (back up them first).
* Old VMs will have to be imported into Parallels and then upgraded (this process is mostly automatic once you import the old VMs but might take a while), as there was a deep virtual disk format change from PDM 3 to 4.
Last edited: Dec 23, 2011