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Dott @DottI'm running Windows 10 Pro VM on Parallels 16 with MacOS 12 Monterey Beta 1.
Parallels Desktop was installed easily and so far I have not detected any problems.
On the contrary, it seems to me that in Monterey P.D. works much better and faster than in Big Sur.
Moreover... my iMac isn't supported by Monterey!!!and I use OpenCore Legacy Patcher only for spoofing to iMac17,1 from 14.2 and to allow installation and boot without any patch (for Kext, etc.)
iMac 27'' Late 2013 - CPU i7 24 GB RAM - nVidia GTX 780M 4GB VRAM
I have the exact same issues as you with any version of Parallels not launching on an iMac 11,1 running Monterey through OCLP. Whenever the Patches are active, Parallels will not launch. If I disable the patches, it works fine. But the system is unusable.I actually installed Monterey with OpenCore Legacy patcher on my iMac 21" core i5 with 20 GB RAM but then installer of parallels cant go on and crashes also VMware fusion dont work and Virtualbox is to slow .. it works but suddenly crashes to.. I think It is something with Monterey and OCLP..
Any Ideas?