So it sounds like Parallels 3.0 will come close to doing what the new version of Mac OS/X is rumored to do as far as supporting running Windows apps natively (or at least, very close to it). It has snapshots (a la vmware), support for OpenGL and DirectX (wh00t! gaming!) and "SmartSelect", which lets you open any file from either windows or mac operating systems.
Interesting to see what this brings.