Strength: Parallels Desktop 3.0 for Mac is a versatile and powerful tool which lets you run Windows, Linux or any other operating system on Mac OS X simultaneously without rebooting. Run all popular Windows-only programs, games and graphics applications. Open Windows files with Mac apps and open Mac files with Windows apps. Use phones, MP3 players, and cameras on your Mac.
Weakness: Does not support PowerPC version.
Benefits:
Wanna Windows and Linux at same time? Parallels Desktop 3.0 for Mac can help you to achieve it. As an Apple user, you can run Mac OS X, Windows, OS/2, Solaris, simultaneously without rebooting.
Wanna play popular Windows-only 3D games on your Mac? No problem. With Parallels Desktop 3.0 for Mac, not only Windows-only 3D games but also all popular Windows-only programs and graphics applications can be run on Mac, such as Outlook, SQL-Server, Internet Explorer, Quake 4, AutoCAD, and World of Warcraft. Furthermore, this program allow you to open Windows files with Mac apps and open Mac files with Windows apps. You can copy-and-paste between PC and Mac software, such as Word document, PDF file. I think Parallels Desktop 3.0 for Mac is the most useful and favorite application on my Mac.
After acknowledging the functions of Parallels Desktop 3.0 for Mac, you may worry that installation and operation of this powerful program should be very difficulty. However, you are wrong this time. Parallels Installation Assistant makes installing Windows on your Mac even easier than installing it on a PC! Use Parallels Explorer to browse Windows les directly from the Mac desktop. You can drag-and-drop files and folders between Windows and OS X.
Furthermore, this software is secure and fast. It provides a free 6-month subscription to Kaspersky Internet Security to protect your computer.
Setup:
The default settings are able to select and the process of setup is easy and straightforward. There is not any nasty ware in it, so you can install it without hesitation.
Interface:

The interface of Parallels Desktop 3.0 for Mac is cool and pretty friendly. Used frequently software shortcuts can be found easily at one panel such as Firefox, Windows Media Player, and Outlook. Windows Start-Menu is integrated on the Mac desktop, so you can run Windows programs directly from your Mac desktop.
System Requirements:
Primary system requirements
Primary OS supported: Mac OS X 10.4.9 or later
Mac computer: Support for any 32- or 64-bit Intel-based Mac
Processor:
Support for any 32- or 64-bit any Intel Core Duo processor featured in new Intel Macs
Memory: 512 minimum available memory (1 GB recommended).
Guest System requirements
Guest OS supported
Microsoft Windows: - Vista, XP, 2003, 2000, NT, 98, 95, 3.11 and 3.1
Linux Distributions - Debian, Fedora Core, Mandriva, Red Hat, SUSE, Ubuntu and more
Other - FreeBSD, OS/2, eComStation, Solaris and MS-DOS
Conclusion
Parallels Desktop 3.0 for Mac can help you run Mac OS X and Windows at the same time. You can even drag-and-drop files between desktops, open Windows files with Mac apps and open Mac files with Windows apps. I have run some Windows-only programs and graphics applications, such as Outlook, Internet Explorer, Quake 4, AutoCAD, World of Warcraft, which like native Mac applications. I suggest you should try it right now and I am sure this software will bring you fantastic experiences.
Only one point which I hope the following version of Parallels Desktop for Mac can run on PowerPC version as well, not only on Intel-based Mac.