I'm halfway through the process, but it is said to work. The key is to use VMWare's free converter to make a VM out of your Bootcamp partition, then convert that newly made VM to a Parallels VM. See the article here http://www.tuaw.com/2007/06/24/parallels-virtual-disk-dance-of-pain/ There is an even easier process described at the end of this thread (posts 13 and 14): http://communities.vmware.com/message/761176#761176#761176