PPC apps, Rosetta and Lion

Running 10.6.8 on mid2011 iMac, Parallels 6. Have a few mission critical PPC programs. Can I set up a 10.6.8 Virtual Machine with Rosetta installed, after (or before ? which is better) upgrading to Lion.

 

According to Dave Greenbaum Jul. 12, 2011, 2:32pm PT:

"You want to be the cool kid on the block. How about running a virtual version of Snow Leopard (Server)? While VMware and Parallels allow you to run virtualized versions of Windows and other operating systems, they also allow you to run Snow Leopard Server (but not the client, due to Apple licensing restrictions)."

"Buying a new retail copy of Snow Leopard Server just for a VM would be expensive, but you can save money by spending $99 to join Apple Mac Developer Program. Members of the program are currently permitted to run Snow Leopard Server for free in a test environment. (If you go the developer route, be sure to check the current Terms of Service to see if your situation applies.)"

However, the Apple site quotes $99 per year and not a flat $99.

Now that Apple is moving on to Lion, maybe Parallels can negotiate a client version instead of only a server version.