VirtualBox -recently purchased by Sun Microsystems - supports "seamless mode" for guests, so that you can run Linux host & Windows VM, with "start" menu from both appearing on your desktop, and apps launched in separate windows.
(http://www.virtualbox.org/wiki/Screenshots)
... Virtualbox host can be Lin/Win/Mac, guests can be Win/Lin (probably Mac too)
as demonstrated more clearly in screenshots
http://liquidat.files.wordpress.com/2007/09/virtualbox150_nahtlos_linuxhost-winxpguest21.jpg
http://www.virtualbox.org/attachment/wiki/Screenshots/VirtualBox_OSX_beta_3.png
Disclaimer: I do not work for, nor am I affiliated with Innotek or Sun Microsystems. »
What about KVM.
... Kernel Virtual Machine (unless I am mistaken), another linux virtualization option.
my other 2 cents:
OpenVZ = very quick, but not true VM, hence useage of Virtual Environment, coz it's like super-chroot. Hosts on certain distros of Linux. Gratis & Libre.
Xen = supports h/ware vmx/vmt for better performance: Linux host. Gratis & Libre.
VMware server = easy to set up and use. Supports hosts on Win/Lin/Mac. Gratis
At the moment I mostly use OpenVZ and VMware. Provisioning tools in Xen were too painful last time I tried (end 2007). »