I work for a government agency. They are paranoid about licensing issues. Usually it is not that big of a deal, but now they are using SMS to do software inventories. My other option is to use a spare PC that isn't connected to the network. Anyway... It was just an idea. I'll post my results next week.
The VirtualPC thing is great. I do some web development for my job as well. They insist on using Frontpage, but with VitualPC, I can use Dreamweaver and other stuff.