My take on this problem...
I first noticed this problem a day or two after installing OSX 10.6.8 and fixing the resulting Dock process problem. For me, the problem happens most often if I go two or three days without rebooting my Mac. It seems to happen fairly soon after bringing the computer out of sleep mode. It could be coincidence, but I've always had a browser open at the time, usually with a media plug-in like Java active. (Btw, my screensaver is set to never.)
My theory is this: one of the problems that 10.6.8 was supposed to fix was NVIDIA driver issues that my 10.5-era MacBook Pro had with all previous versions of 10.6. The outward symptom of these driver issues was that the screen would occasionally blank out for less than a second. It was a slightly irritating but harmless symptom, but I know a lot of people complained about it. After attempting to fix the problem with 10.6.6 and 10.6.7, Apple finally succeeded with 10.6.8--my screen has not blinked once since then.
However, I suspect those driver issues may be at work here, possibly triggered by the many media plugins that browsers require. An acquaintance of mine with a newer MacBook Pro that uses integrated Intel graphics has not noticed this problem with prl_disp_service--further supporting my theory. (Of course, he may just not be noticing the problem if it is happening.)
If my theory is correct, removing and reinstalling Parallels is not going to fix the problem. Only revised compatibility between Parallels, Snow Leopard 10.6.8, and the NVIDIA drivers will fix it. Perhaps that is why Parallels has released version 7? But before I buy version 7, I want to be TOTALLY sure that it fixes this prl_disp_service issue on 2009-era MacBook Pros.
You might be interested in the longer-running forum here about this same problem:
http://forum.parallels.com/showthread.php?t=96981&page=4