Mike blogged about the new Parallels Desktop beta yesterday, and he mentioned a number of the new features that he is excited about. He didn't mention 'Coherence' mode which lets you run Windows apps along side your Mac application. However, I couldn't get this working on my MacBook Pro (I'm running Vista RC 2, and that might have something to do with it). Luckily for me, video blogger Michael Verdi has put together a great screencast showing off Coherence and a bunch of other neat new features. Check it out and marvel at the wonders of virtualization.