I've seen Parallels running Windows and it's pretty darn good.

But before I go and spend over $100 dollars, are there any free VM apps on the Mac that are up to speed?

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VirtualBox is free and does a great job.

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I second this, I have had only minor problems with VirtualBox. – ta.speot.is Jan 15 '10 at 0:36
I third this, the only problem that I've had is windbg integration for kernel debugging windows device drivers. I do all my personal PC development on a mac w/VMware. VMware is cheap for students . . . about $40.00 US or so. – TheEruditeTroglodyte Jan 15 '10 at 4:56
I 14th this. However, I think the VirtualBox sharing (host to guest) is problematic. I usually use Windows sharing on my OSX host. – Yar Jan 29 '10 at 10:53
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Will Third VirtualBox if you need a freeware solution. Personally Fusion is worth every penny, especially with the most recent updates, but in a pinch, VB gets the job done.

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VirualBox does have an OS X port for Intel Macs, an it is free! I use it on Linux, pretty solid. I don't think it is compatible with VMWare images, but I could be am wrong. It IS!

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actually, it is compatible with VMWare images; see my answer :) – squircle Jun 22 '10 at 22:59
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I'll fourth using VirtualBox on an Intel MacBook, it's been great running images of all types. The updates and features they've released in the last year is impressive.

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