| 1. As easy as Windows is to use. Installing new OSs is also as easy as popping in a CD and booting from it.
2. Yes. As stable as Windows is.
3. Yes, unless you only have one license and have it installed already somewhere else. As long as you're abiding by the EULA of Office, you're cool -- the PC may be virtual, but the license agreement is still real.
4. It's slow as molasses, even on powerful hardware. I would not consider VirtualPC for Mac to be an adequate Windows PC replacement -- rather, as a backup measure in case you're somewhere and need access to a PC and just don't have one. Also, as far as I know, the "virtual hard drives" (that are actually just big files on your disk) have a limit of 16GB. You can have up to three hard drives per PC, so the maximum amount of storage you can have is 48GB (16GB x 3 hard drives).
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