"Parallels announced Wednesday that Parallels Desktop 5 for Mac is now available. The latest release of the virtualization solution allows users to run Windows, Linux, and other operating systems on their Intel-based Macs. Parallels Desktop 5 works in both Leopard and Snow Leopard."

They have added 70 new features to this version of Parallels, one of which is the Crystal view mode as seen above in the screen shot. This gives it a more "Mac-like" appearance when working with Windows. It also supports "pinch" and "swipe" for many of the applications. Upgrading will cost you $50.00 USD while new purchases will set you back $80.00 USD. If you purchased your current version of Parallels after October 1st, you qualify for a free upgrade so if you didn't purchase online from Parallels (they will send you a key if you did), head on over to the Parallels upgrade site to get your upgrade key.
__________________
iPhone 4, 1.6 GHz Core 2 Duo MacBook Air, Apple TV, 2.66GHz Intel C2D Mac Mini, 1TB TC, Airport Extreme,several iPods and an iPad, 32GB Wi-Fi version.
Follow me on Twitter.