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FWIW, this is only on the retail version. According to the EULA versions that are OEM (meaning you get it with a computer) can NOT be transferred to another computer.
That said two versions (the two least expensive versions, Vista Home Basic and another) are not allowed to be used in Virtual Machines, meaning you wouldn't be allowed to run the version in Parallels or something similar.
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I still remember Macnutt.
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