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Well it looks like we are screwed. They are not going to fix it. http://kb.parallels.com/en/111936
I also downgraded. Come one guys get this fixed or tell us you are not going to fix it so we can find alternative software.
As others have stated the issue still has not been fixed. TomW6 gave an excellent overview of the issue.
You nailed it, this suck big time. I hope they address it soon.
Before v12 when I would go full screen it would consume both monitors (iMac and external). Now when I go full screen it goes full screen on one...