“Parallels Desktop 5 for Mac lets you seamlessly run Windows and Mac OS X side-by-side, drag-and-drop your files between operating systems, and run Windows software on your Apple computer without rebooting,” Parallels Inc. The new version of the virtualization program permits users to install Windows XP, Windows Vista, or Windows 7 in three easy steps, and boasts Snow Leopard optimizations, among the dozens of enhancements mentioned on the official Parallels website. is yet to issue a formal announcement via its press room, the company has revealed the availability of Parallels Desktop 5 for Mac OS X.