Switching from virtual partition to Boot Camp

Chris A.

Bit poster
I recently got Parallels 5 and love it. I use it for XP and Windows 7. For performance reasons, I think I'd rather have Windows 7 on Boot Camp and leave XP on Parallels. Is there a way to transfer everything or do I just delete that partition and reinstall 7 on a Boot Camp partition? If I did that though, wouldn't Windows see that I previous installed 7 on a virtual machine and render the serial number inactive?

Thanks!
 
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