Parallels on Thursday released an updated version of its Parallels Desktop software, which enables users of Intel-based Macs to run Windows and Mac OS X simultaneously.

Version 3.0 of the software adds a number of new features, including SmartSelect, which lets Mac users choose which program opens a particular file type, regardless of whether it is stored in the Mac or Windows desktop. Other features include support for hardware-accelerated 3D graphics, support for Vista Boot Camp partitions and a new file explorer that enables people to view and change the contents of their Windows virtual hard drive without launching Windows.

link [news.com.com]

Apperently, you'll have to pay for this upgrade.