The Parallels team today issued Release Candidate 3 of Parallels Desktop, their virtualization software that we've mentioned once or twice. While their announcement blog post only touts two major new features (the ability to seamlessly upgrade a WinXP VM to Vista & a more secure file sharing process between OSes), the beta testing page has quite a bit more to say. A lot of features have been enhanced in RC3, such as better Boot Camp support, ever-enhanced USB support and a new Transporter bundle, but one hidden gem is of particular interest: Parallels Desktop is now ready for the upcoming Mac OS X 10.5 Leopard. To be clear: this doesn't mean you can virtualize Leopard in Parallels Desktop - you can run Parallels Desktop on a Leopard machine.
Head on over to the beta page for all the details and to grab a copy of the new release.