I have Parallels running off my Boot Camp windows installation, and I couldn't be happier. It really is the best of both worlds for me. I have one problem though - I use Photoshop CS2 in Boot Camp for the speed/calibration, and also in Parallels when I'm testing scripts for the convenience. My problem comes with the activation - I have to keep remembering to deactivate and reactivate in order to transfer it, as it recognises it as different hardware. I know you've managed to get round the Windows activation somehow - can the same be applied to Photoshop activation???