Is anyone doing this? I know the SDK is a virtualized environment, but I'm talking about running that in yet another virtualized system.

Why? Because getting Vista 64bit to run and develop properly seems to be a PITA. Especially if I'm just trying to look into it. I want to boot up a 32bit XP clean virtual machine, and see if I can't develop in there. Especially since this will complicate things more when I fully use Windows 7 in a couple of months.

Pass through of the Palm Pre via USB of course is the biggest question out of this. So has anyone done this?