Can Parallels 6 and VMWare Fusion Co-Exist

Yes no problem. I have VMware Fusion 3.1 and Parallel Desktop 6 both installed on my Mac. So far no issue detected yet.
 
No. You can have them installed at the same time, but you cannot have them running at the same time.

If you wish to link your Boot Camp Partition, you can have both linked, but they cannot be running at the same time.
 
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