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Actually, what the problem was that Parallels disconnected (improperly ejected) my USB drive from OS X to connect it to Windows. I had actually...
I was able to get Parallels from Amazon.com for $65 and free shipping. So that might make things easier to swallow. $80 + Windows license is high....
After using the Devices > USB > External HDD menu option while my Win XP Pro VM was running OS X spit out the 'a device has been disconnected...
Seems to be enough for me. Though, it definitely slows OS X down. I'm just allocating 256 or 384 megs to XP depending on what I'm doing. But, if...
Here's a solution that works easily and well without any foreseen problems....