I thought you might be interested in this ... but no, I didn't go mad and buy PS CS2 for OS X and XP, I downloaded the trials.
For this, I tested the test actions from driverheaven.com with the same VM, first time with 512MB RAM assigned, second time with 1GB RAM assigned, and compared to Mac OS X (1.83 GHz Core Duo). Remember, it's running in Rosetta on OS X:
Code:
XP 512MB XP 1GB OS X 2GB
Texturiser Test 2.9 2.2 3.2
CMYK Colour Conversion 7.6 6.9 10.2
RGB Colour Conversion 25.4 8.0 11.6
Dust and Scratches 22.9 8.4 13.0
Watercolor 39.8 38.9 45.2
Texturiser 14.0 17.3 3.9
Stained Glass 15.8 17.8 12.7
Lighting effects 19.6 10.3 25.8
Mosaic Tiles 19.1 29.9 68.6
Extrude 125.5 111.1 145.0
Smart Blur 74.0 71.3 173.2
Underpainting 27.9 38.8 55.6
So, the VM is faster than Mac OS X (expected) and it's generally faster with 1GB (also expected) but a couple tests were slower than with 512MB (unexpected). In OS X, operations that are multicore aware are the fastest.
I'm guessing that 1GB is close to the limit on a 2GB host and there may be some slow downs due to memory allocation. Running the test again with 1GB RAM resulted in speed ups in some tests and slow downs in others.
But the conclusion is, I guess, if you have a windows licence for CS2, use it in a VM, until Adobe release CS3 universal.