Final Cut Studio on Lion Guest OS - Parallels 7

We wanted to run Final Cut Studio 3 in a guest OS install of Lion to open up and translate any old project to our replacement applications.

Even though the Lion VM is configured with 512MB of RAM for the Video Card and 4GB of RAM for the System itself, the Final Cut Install claims the system has 0MB of VRAM and the graphics card isn't compatible.

Has anyone else had success completing such a setup?