If you are running Parallels Desktop 5.0, then switching to the Shared Networking should make the trick and Windows will see Cisco VPN connection established in Mac.
If you are running Parallels Desktop 4.0, then the easiest way is to continue use Bridged and install Cisco VPN client in Windows-side and connect to VPN from Windows (of course it will also work for Parallels Desktop 5)
Last edited: Nov 12, 2009