> 7 Pro included a free Windows XP Pro license and install to be used on VirtualPC > (included in the download). There's tutorials that let you use that XP install on > VMWare. > > Unfortunately, Microsoft removed the feature from Windows 8. :\
I used to prefer Virtual PC, but Oracle VirtualBox is a good choice too. It supports snapshots, VHD format (reads Virtual PC images), hardware acceleration and it's an excellent choice if you have a Virtualization Technology capable CPU.
I own a Windows 7 x64, i5-2300 CPU with a cheap ATI Videocard. If I can run things like American McGee Alice, Age of Mythology, Command and Conquer Red Alert and The Curse of Monkey Island under an XP Virtual Machine. I think any emulator will without problems. Probably not under full screen mode.