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Quick question. There is an option under Edit->Virtual Machine->Coherence called 'Use multiple displays'. Did you check this option?
Try loading up Disk Utility (located in /Applications/Utilities) and see if you see the Bootcamp partition (it's usually right after the Macintosh...
Have you checked the option "Use multiple displays" in Edit->Virtual Machine->Coherence, under Working area?
It would be nice to further integrate the coherence mode with the OSX interface by integrating Windows menubars into the OSX menubar. Now I know...
I got Coherence working. Try uninstalling the Parallels Tools in Windows, then make Parallels install Parallels Tools again. Simply upgrading...