Boot Camp should run windows as if it came that way from the store. Parallels claims that most hardware should be fully supported with the exception of high-end 3d hardware. They recommend Boot Camp for gaming--and give instructions on how to use your Parallels virtual disc as the Boot Camp windows boot device!
I use a piece of hardware to monitor electrical throughput on my RC airplane--a very unique and specialized USB device--and Windows under Parallels ran their application, identified the device, and interfaced with it absolutely without hitch. I was VERY impressed.
My 1gb-ram MacBook gets pretty bogged down running two operating systems at once, but it would presumably do great with 2gb of ram or more. I'm watching the processes closely as it bogs--the CPUs aren't overloaded, the problem is that it's getting swap-bound.
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