I don't have Ubuntu in a VM session - I have a laptop that has XP and Ubuntu on it, so it is a dual-boot system. At work I have XP on the corporate desktop with Red Hat 4 and 5 each in their own VM session. The benefit there - is that you can switch between them and not have to shut one down to access the other one. I am sure that is the same with Ubuntu in a virtual session and XP as the main OS.
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