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No it does take two separate installs from what I understand No, you have to install it for both Boot Camp and Parallels from what I understand.
I tried last night to install Windows XP Pro on my Imac. It started up nicely. It seemed to take a while to install, much longer than installing...
I have the same exact issue as you. I'm having the same problems with my mac system crashing when I try to run my VM to install Windows. I know...
Does anybody a fix for this? I just installed my copy of Parallels. I've set up a VM. Checked to make sure it's pointing to the only CD Rom drive...