Hopefully, everyone knows that VPC 2007 has been released as a free download. Get it here:
http://www.microsoft.com/windows/downloads/virtualpc/default.mspx
Here's some good VPC related links as well:
Some good tips from Matt Hestler's Blog:
http://blogs.technet.com/matthewms/archive/2005/09/09/410546.aspx
http://blogs.technet.com/matthewms/archive/2005/09/23/411478.aspx
http://blogs.technet.com/matthewms/archive/2005/10/07/412159.aspx
I must admit, however, that I'm more of a fan of VMWare's Virtual Server product. It's free, and in my experience, has better memory management, and less disk swapping/IO operations. I'll give the latest VPC a try. I also have been doing a fair amount of work with Linux (oh, the humanity!), which has required a virtualization product that can support Linux better than VS2005 can.