I have an iMac with two internal hdd's. One is committed to Lion the other to windows 7 running under boot camp. I am new to Parallels and it seems to be running just fine. I have no problems running Mac and windows at the same time. My question relates to windows. I made an image of my windows 7 partition and the system reserve partition using a program called Macrium Reflect and have placed that image on an external hd. It was suggested that if I wanted to test the image to make sure it is ok, I could convert it to a vm. Can I do this? Can I have more than one vm? If I need to convert it to a vm, will it convert the windows 7 partition and the system reserve? Can you please advise what I can do and how to do it?