Similar to several other applications, with the introduction of Snow Leopard (Mac OSX 10.6) it’s all about optimization of processor cycles using the 64 bit architecture of the underlying Darwin platform.
With this upgrade it several software vendors are working expeditiously to release upgraded applications that better leverage memory and the platform.
For virtualization on the Mac, there are a few different solutions, my personal choice is VMWare Fusion which allows for the operation of virtual machines built with other VMware tools such as Workstation.
With the next iteration of the VMWare Fusion software, Windows 7 will be supported as a host operating system. More information?
http://www.vmware.com/company/news/releases/fusion3-preorder.html
On a side note, if you’re looking to use Windows Server 2008 x64 R2 and you’re still running VMware Fusion 2, Fusion will not be able to recognize your VM. Simply tell it that you’re running Windows Server 2008 x64 and your machine will boot up, ready for usage.
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