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Yes. It ends up asking for reactivation any time i switch from BootCamp to Parallels or back. It does not stop asking.

I am using my MSDN liscensed version of XP as this is for development purposes. It also requires re-activation every time I switch back and forth between PLs and BC. Very frustrating and I am concerned that over time MS might not be to thrilled about this situation and try to do something...