XP Emulation Layer
Windows XP's emulation layer can do 95, 98, NT4, and 2000.
I've used it to run Visio 2002, which actually has issues with 2000, flawlessly in XP Pro.
2000 has a few DLL issues, and Service Pack 3 fixes the emulation layer for a few apps, namely Office 97 (which works flawlessly in XP). It does run faster and better than 2000's, which needed 3 patches to work right. It's also much better at running Win 9x apps than 2000 is.
Mitch
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