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The last time I tried it, the Windows installation got hopelessly confused and refused to boot properly on the new and old system.

When you say "the last time I tried it", do you mean "the last time you moved a real disk into a virtual machine", or do you mean "the last time I moved a windows installation to another computer"?

In my experience, the virtual machines have a hardware emulation layer that imitates pretty standard generic kinds of hardware, nothing fancy. They deliberately choose to emulate hardware that has out-of-box drivers in the recent Windows OS's. So theoretically, an XP or Windows Server install should boot right up inside a virtual machine. It might detect a couple new bits of hardware, but the drivers should just "be there" for them.

Of course you'll also want to install the "Virtual Machine Tools" or whatever they call it. That'll make it all work faster.
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Tony Fabris