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Parallels 3150 destroyed my XP installation :( I'm not sure if I was very unlucky here, or I've uncovered a subtle bug in 3150: I had been...
Ah! I have this exact problem (see here) with the boot message. I'm using a stock (non-corporate) original edition of Winows XP Professional....
Windows/Bootcamp not booting I have a 2Gb MacBook Pro but have the same problem. The Bootcamp VM starts, but then the boot process stops...