OS emulators and hardware

Hi, i have gotten my hands on a //FAST multimedia video I/O editing card. its quite expensive (but i didnt pay for it) and it will NOT run in XP. Many people dual boot XP/ME to get this card to work, but taht would be quite useless to me since my machine is dual CPU and video editing is hell without SMP. My question is, if i wer to run Virtual PC or another OS emulator, could i use this card? I need XPs power to run ulead and the 2 CPUs, but an earlier version of windows to simply input/output with this card. can anyone shed some light on me here?

Well the virtual PC would slow you down because in its hardware config of VPC it shows as a generic intel graphic card which is useless! however why don't you use Win2k Pro it's pretty good and will run Ulead which I don't think it's that impressive check this
http://www.discreet.com/products/