Now downloadable as a beta, Windows XP Mode for Windows 7 makes it easy to install and run many of your Windows XP productivity applications directly from a Windows 7-based PC. It utilizes virtualization technology such as Windows Virtual PC to provide a Virtual Windows XP environment for Windows 7.
Windows XP Mode provides a 32-bit Windows XP Professional Service Pack 3 (SP3) environment pre-loaded on a virtual hard disk. Client virtualization software, like Windows Virtual PC is a pre-requisite to use Windows XP Mode.
BETA DOWNLOAD:
(Both 32-bit and 64-bit versions available)
http://www.microsoft.com/downloads/details.aspx?displaylang=en&FamilyID=0e8fa9b3-c236-4b77-be26-173f032f5159 (445MB)
Kurt Shintaku's Blog 